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XRP funding rate rebounds, long liquidations jump; CryptoQuant says rebound possible

XRP spot buying on Binance has strengthened while leverage in the derivatives market continued to decline, analysts said. CryptoQuant analysts said the mix often appears ahead of funding-rate readjustment phases. Binance XRP open interest fell from above $500 million in mid-June to $431 million on July 4 and $399 million on July 10. Long liquidations surged, while funding rates rebounded and rose on a weekly basis.