TLDR:

XRP funding rates rise to 0.01% as price stagnates near the $2.25 support level.
Traders warn of a potential liquidation drop if funding outpaces price action.
Technical indicators remain neutral to bearish, with RSI near 48 and low volume.
Bollinger Bands and Ichimoku Cloud confirm a tightening range before a volatility spike.

XRP is entering a critical phase as funding rates quietly climb, while the price remains locked in a tight consolidation range. Market watchers are observing this setup, warning that the combination of rising leverage and stagnant prices could trigger volatility. 

Price action has hovered above key support for days, with no real breakout attempt. This pattern often precedes sharp moves, either in the form of a breakdown or an aggressive upside rally. The coming days are likely to define XRP’s direction heading into summer.

XRP Funding Pressures Mount Without Breakout

According to market analyst CasiTrades on X, XRP funding rates are rising steadily, now touching 0.01% per eight hours. 

This occurs without any clear bullish momentum, signaling potential stress in the derivatives market. If the rate rises above 0.02% while the price remains still, many anticipate a sharp liquidity sweep to the downside.

CasiTrades noted that algorithms are likely tracking open interest closely. With open long positions increasing while the price stays stagnant, the setup could result in a forced liquidation drop. 

XRP Funding Rising, While Prices Stall

We’re just days away from the apex of #XRP’s macro consolidation and price is hovering above support, while funding quietly climbs. That’s a dangerous combo.

As of this morning, funding rates are ticking up to 0.01%/8h without any… pic.twitter.com/bjKCYk3PiZ

— CasiTrades (@CasiTrades) June 11, 2025

Support levels at $2.01, $1.90, and $1.55 remain in play if XRP fails to hold $2.25.

XRP Technical Indicators Suggest Mixed Signals

On the daily XRP chart from TradingView, the price trades near $2.236, hovering between the Bollinger Bands. This position reflects a consolidating market with limited volatility. The upper band is at $2.378, while the lower sits at $2.100, highlighting a narrow trading zone.

The Ichimoku Cloud shows XRP is still below its leading span, suggesting a bearish bias. With a thin cloud structure, the market lacks the momentum needed for a clean reversal. 

Moreover, the MACD remains below its signal line, reinforcing downside risk, though not strongly enough to confirm a firm trend.

The Relative Strength Index (RSI) stands at 48.23, indicating neutrality with a slight lean to the downside. This aligns with the broader market uncertainty, where traders wait for a breakout signal. If RSI drops below 40, it would confirm growing bearish strength.

Meanwhile, daily trading volume remains subdued at around 4 million. Low participation limits the chances of an imminent breakout unless external catalysts drive demand or fear. XRP price still faces resistance near $2.50 and immediate support at $2.20.

Whether the next move is a breakout or a drop, it will shape the market’s tone for the rest of the summer. XRP’s future now depends on how the market reacts to these pressure points.

 

The post XRP Funding Rates Rise While Price Stalls Near Support Levels appeared first on Blockonomi.

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Filed under: Bitcoin - @ June 12, 2025 8:27 am