XRP is experiencing renewed momentum across both spot and derivatives markets, with a nearly 20% surge in a single day. According to data from CryptoQuant, the XRP funding rate on Binance has jumped to 0.0101 as of August 21, 2026, marking its highest level since October 2025. This positive funding rate indicates that demand for long positions exceeds demand for short positions, signaling growing trader confidence in XRP’s upside potential. XRP price has broken through its multi-week level around $1.30, with the funding rate standing well above its 30-day moving average.
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