XRP funding rate jumps 158.19% on March 27 as open interest slips to $823.94M

On Friday, March 27, XRP's perpetual futures funding rate climbed 158.19% to 0.0028, pointing to a more bullish tilt among derivatives traders. Over the same 24-hour period, open interest dipped 0.25% to $823.94 million while XRP's spot price fell 1.27% to about $1.34. The move coincided with roughly $6.69 million in liquidations, largely from long positions, as weekly losses widened to over 7%.