The XRP derivatives funding rate skyrocketed by more than 311% in the past 24 hours as the altcoin surged over 4.4% to trade above $1.43 on Tuesday, March 10, 2026.
The XRP’s funding rate, a periodic fee between traders that keeps perpetual futures prices aligned with the spot price, surged to $0.00619 at press time.
XRP metrics. Source: CryptoQuantDuring the past 24 hours, the XRP’s Open Interest (OI) surged by 2.43% to hover about $877 billion at the time of this publication. Essentially, a positive funding rate combined with rising OI fueled today’s bullish sentiment for XRP price.
Is XRP out of the woods?
The palpable increase in XRP funding rate, amid rising OI, is not the ultimate signal for its market reversal. Furthermore, XRP’s funding rate has remained in the negative territory despite its 311% upsurge during the past 24 hours.
XRP Funding rate 1W. Source: CryptoQuantNonetheless, the rising XRP’s funding rate towards the positive zone has increased traders’ optimism. As such, the ultimate bullish signal for XRP will be an aligned spot and derivatives market.
Daily spot XRP ETF cash flow. Source: SoSoValueNotably, the U.S. spot XRP Exchange-Traded Funds (ETFs) have recorded three consecutive days of net cash outflows, according to data from SoSoValue.
Source: https://finbold.com/xrp-derivatives-funding-rates-rocket-over-311-in-a-day/
