XRP Derivatives Show Extreme Negative Funding As Price Holds Above $1.35 Support Zone

XRP has bounced about 5% after a difficult February for digital assets, with the token now trading near key support in the $1.30–$1.50 band. Analyst Darkfost notes that Binance funding rates for XRP have fallen deeply negative while price holds above roughly $1.35, signaling heavy short positioning following a drawdown of around 60% from highs above $3.50. Historical patterns suggest that such extreme derivatives sentiment has previously preceded short‑term rebounds, even as XRP remains locked in a broader downtrend.