{"id":60612,"date":"2025-04-20T12:33:26","date_gmt":"2025-04-20T12:33:26","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=60612"},"modified":"2025-04-20T12:33:26","modified_gmt":"2025-04-20T12:33:26","slug":"important-ripple-xrp-price-update-critical-metric-plunges-as-crypto-market-slumps","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=60612","title":{"rendered":"Important Ripple (XRP) Price Update: Critical Metric Plunges as Crypto Market Slumps"},"content":{"rendered":"

The cryptocurrency market took a sudden dive in the past couple of hours, with the XRP price making no exceptions.<\/p>\n

XRP Price Tumbles but Funding Rates Surprise<\/h2>\n

XRP tumbled by around 2% in the past hour, bringing its total losses to about 8% for the last day. At the time of this writing, the cryptocurrency is trading at around $2.04.<\/p>\n

<\/a>XRP Price Chart. Source: TradingView<\/p>\n

That said, the funding rates on XRP derivatives positions are currently positive. What this means in Layman\u2019s terms is that traders who have long positions are paying those who have short positions. In other words, the sentiment on the derivatives market is currently positive.<\/p>\n

Could this mean that the XRP price is about to rebound? Not necessarily \u2013 positive funding rates only indicate the prevailing sentiment but sentiment is not necessarily tied up to the short-term price action. Short positions could pile up to \u201cfarm\u201d the positive funding rates until the market regulates itself into an equilibrium.<\/p>\n

Crypto Markets Plunge<\/h2>\n

Elsewhere, the broader crypto market is also declining<\/a>.<\/p>\n

<\/a>Source: Quantify Crypto<\/p>\n

As seen in the heatmap above, Bitcoin\u2019s price is trading at around $84,000, down by around 1% on the day, but the losses some altcoins are charting are considerably higher.<\/p>\n

For example, Dogecoin (DOGE) is down 8%, Cardano (ADA) is down 6.6%, and so forth.<\/p>\n

The post Important Ripple (XRP) Price Update: Critical Metric Plunges as Crypto Market Slumps<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The cryptocurrency market took a sudden dive in the past couple of hours, with the XRP price making no exceptions. XRP Price Tumbles but Funding Rates Surprise XRP tumbled by around 2% in the past hour, bringing its total losses to about 8% for the last day. At the time of this writing, the cryptocurrency […]<\/p>\n","protected":false},"author":0,"featured_media":60613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-60612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60612"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60612"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/60612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/60613"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}