A recent analysis by CryptoQuant contributor Darkfost has shed light on the current funding rates on Binance for XRP. The analyst notes that the current funding rate behavior is reminiscent of the conditions that led to the asset's explosive rally to $3.6 in July 2025.
According to Darkfost, the funding rates have mostly stayed below -0.005 since January 2026, with occasional deeper drops. This trend is similar to what was seen before the price surge in 2025, where funding rates dropped to -0.03 on April 4 as the price fell below $2.
The analyst points out that when most traders take the same position, it creates a market imbalance. In this case, the majority of traders are expecting further declines instead of a recovery, which could be a sign of a potential move in the opposite direction.