XRP extends losses as negative funding and rising yields weigh on sentiment

Key takeaways XRP extended its corrections Thursday after three consecutive days of losses. CoinGlass showed negative funding rates for XRP, while its long-to-short ratios offered mixed signals. Reports of preparations for possible U.S. strikes against Iran introduced further uncertainty. XRP remained under pressure Thursday as weaker derivatives signals and difficult macroeconomic conditions limited buying interest. The asset extended its corrections following three consecutive losing sessions. XRP traded around $1.422, bringing its weekly decline to more than 6%. Negative funding rates pointed to bearish pressure in perpetual futures, while elevated U.S.

Source: CoinJournal