Key takeaways:
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XRP derivatives are dominated by bears as the funding rate turns deeply negative and open interest remains stagnant.
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XRP ETF volumes and declining XRP Ledger TVL show fading interest in the XRP ecosystem, reducing the chances of a near-term price rebound.
XRP (XRP) fell 9% over two days after being rejected at $2.18 on Tuesday. The slide below $2 created brief turmoil in derivatives markets as the cost of holding leveraged bearish positions jumped to a two-month high. Traders…
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