XRP and Dogecoin Lead in Funding Rate Amid Market Slump

While most major cryptocurrencies face a flat or negative funding rate, XRP and Dogecoin stand out with slightly positive rates among the top 10 digital assets by market cap. According to market data, XRP posted a funding rate of 0.0101% and DOGE followed closely at 0.0104%. Despite the marginal increase, these two altcoins outperformed heavyweights like Bitcoin and Ethereum in this metric, signaling a modest shift in market sentiment.

The positive funding rate suggests that more traders are betting on price increases for XRP and DOGE, reflecting a short-term bullish outlook. This is notable given the broader crypto market downturn, where leading assets, including Bitcoin, XRP, and DOGE, saw daily declines of 1.85%, 2.54%, and 2.89%, respectively.

Despite the dip, a large portion of XRP and DOGE holders remain in profit. About 92.8% of XRP in circulation is held at a profit, a higher ratio than Bitcoin. Dogecoin follows, with 81.1% of its supply in profitable positions, though this lags behind both XRP and Bitcoin in terms of holder profitability.

This unusual divergence in funding rates and profitability metrics hints at growing investor interest in speculative plays on altcoins, even as Bitcoin continues to project long-term strength. The recent trend could indicate a short-term rotation from Bitcoin into lower-cap altcoins as traders seek higher returns.

As market volatility persists, XRP and Dogecoin’s funding rates may offer clues into shifting trader behavior and sentiment across the crypto landscape. These developments highlight how investor preferences can evolve quickly, even amid broader market pullbacks.