XRP Faces Bearish Derivatives Market Despite ETF Speculation and Institutional Interest

The market sentiment for XRP is currently exhibiting a notable divergence. While there is strong institutional interest and positive news surrounding a potential XRP ETF, as highlighted by DLNEWS, derivatives markets are signaling a bearish outlook. Long-dated futures contracts are trading at a discount, and a significant negative funding rate on Deribit indicates a prevalence of short positions, suggesting traders anticipate a price decline despite the positive fundamental developments.