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XRP’s funding rate has dropped to negative 0.012%, a level last seen when the asset traded near $0.33. Despite this indicator often associated with bearish pressure, XRP currently holds above the key $2.10 support level. Popular crypto analyst CryptoinsightUK pointed out this similarity in a tweet, noting that traders appear hesitant, with open interest remaining low. If bullish momentum builds, a short squeeze could drive the next price surge. CryptoinsightUK shared a chart highlighting that XRP’s funding rate sits at historic lows. Funding rates indicate the cost required to hold leveraged positions in perpetual futures contracts. Negative rates typically suggest that short positions (bets on price decline) dominate the market, as shorts must pay longs. Related: Top Analyst Identifies Technical Pattern to Drive XRP Prices to $4.60 From the chart, XRP OI stands near 591 million coins (worth approximately $1.18 billion), a relatively low figure compared to past peaks during strong trends. This low OI signals that many traders likely await a clearer market direction before committing substantial capital. Spot market volume also remains subdued, recorded near 107 million coins daily, further indicating caution among participants. XRP’s price reflected this broader pressure, dropping 14.5% over the past week. The latest data from Coinglass reveals that XRP’s derivatives market has seen its volume declining by 17.62% to $7.12 billion and open interest dropping by 3.67% to $3.56 billion. However, options volume has surged by 120.23%, reaching $7,500, and options open interest has increased by 146.96%, hitting $983,490. These figures highlight a mix of declining activity in perpetual futures but growing interest in options, indicating that traders might be positioning for potential volatility. A potential short squeeze remains a key scenario. If XRP experiences upward momentum, traders with short positions may be forced to buy back at higher prices, accelerating a breakout. This pattern has historically led to sharp price increases in the crypto market. Related: XRP’s Early Pullback After Lawsuit’s End Leaves Users Disappointed Broader market sentiment remains a critical factor for XRP as well. Its price movement will likely depend significantly on overall crypto market direction and particularly Bitcoin’s performance. Bitcoin had earlier dipped to $81,000 that triggered related drops in many altcoins, including XRP. This move pushed XRP dangerously close to losing the key $2 psychological support level. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

US Futures open Bitcoin correlates waiting for the next round of liquidity to store safely. Do it yourself - Make @tradingview chart with $NQ1! and add $BTC Bitcoin is traded like a tech stock, not a bank vault. That changes with the GENIUS and SBR Acts. Stocks mostly relay on labor. Bitcoin doesnt. Its a public open source store of value safer and more liquid than the banks. You need conviction in technology and just let the transition happen. Hold the global DLT Tokens.

CME Bitcoin $BTC futures open $1,475 lower than previous close Bitcoin futures on the Chicago Mercantile Exchange (CME) opened today at $82,505 on a four-hour chart, marking a decrease of $1,475 from the previous close of $83,980.

March has been a challenging month for Bitcoin , altcoins, and the entire cryptocurrency market . Solana, one of the most promising altcoins, has not been spared. The SOL token suffered a significant decline, dropping by 6.8% overall in March, with a particularly sharp fall of over 7% on the 28th. This downturn brought Solana’s price below $130, raising concerns among investors. --> Click here to Trade Solana on Bitget <-- SOL/USD 1-day chart - TradingView The declining trading volume throughout the month signals a weakening momentum . This sudden drop has dashed many optimistic forecasts, particularly for those who expected Solana to break out to new highs. Many traders now wonder whether this downturn is just a temporary correction or the start of a deeper retracement. Crypto analysts remain divided on Solana’s trajectory. Some believe the market is experiencing a "mini bear market" within a broader bullish cycle. Bitcoin’s dominance and overall market weakness have contributed to Solana’s struggles. Investors are becoming more cautious, waiting for stronger confirmation before re-entering the market. Despite the decline, Solana still holds strong technical support levels. Many traders are watching to see whether these supports will hold, or if further downside movement will lead to a new wave of selling pressure. The coming weeks will be crucial in determining whether SOL can recover or if lower levels, such as $120 or even $100, will come into play. --> Click here to Trade Solana on Bitget <-- While March was disappointing for Solana, April might tell a different story. A key bullish indicator is the significant rise in open interest, which has now exceeded $5 billion. This surge suggests that traders are still actively speculating on SOL’s price movements, potentially setting the stage for a major breakout. Technical analysts are identifying key resistance levels between $145 and $180. If SOL can break through this range, a push toward $235 could be possible. Additionally, the slow but steady recovery in trading volumes could support a bullish reversal. Many altcoins, including Solana, could benefit if Bitcoin stabilizes and allows for capital rotation into alternative assets. Some experts predict that Solana could see an increase of up to 102% by July, potentially reaching a price of $263. While this forecast is optimistic, it’s important to consider market conditions. Key factors that could influence this bullish scenario include: Solana remains one of the most promising blockchain projects, with a fast-growing ecosystem and strong fundamentals. Despite recent price struggles, long-term investors are keeping an eye on the token’s potential rebound. If SOL manages to break above key resistance levels, we could see a strong recovery in the coming months. However, traders should remain cautious, as volatility remains high in the crypto market. Monitoring price action, trading volumes, and macroeconomic developments will be essential for making informed investment decisions.

Triggered now waiting for $BTC to give reaction from LTF demand so I can open a swing long till then I'm not doing anything