XRP has dropped 39% from its all-time high following previous SEC news, trading at 39% below its peak price. The funding rate is now negative at -0.14%, signaling bearish market sentiment.
Current margin trading data indicates a long-to-short ratio of 2x, suggesting a lack of strong confidence among traders. Historical trends link price corrections and investor confidence levels, further underscoring bearish momentum in the market.
Leave a Reply