XRP: Despite Optimism Over SEC Lawsuit Resolution, Recovery Remains Uncertain ... Futures Market Indicators Weak

# XRP Price Surge Faces Doubts from Futures Market Indicators [뉴욕 = 장도선 특파원] XRP has shown positive momentum amid growing expectations that the legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC) will soon conclude. However, futures market indicators are hinting at bearish tendencies, casting doubt on the sustainability of XRP's price recovery, as analyzed by CoinDesk on the 13th (local time). According to data provider Veloe, the accumulated open interest of XRP perpetual futures across major exchanges is stabilizing around 1.35 billion XRP. Despite this stability, both the annualized funding rate and the cumulative volume delta (CVD) in the futures market are in the negative territory. A negative funding rate indicates that investors holding short (sell) positions are paying those holding long (buy) positions, suggesting a predominance of selling positions in the market. Furthermore, the negative cumulative volume delta (CVD), which measures net capital inflows into the market, implies that selling volume has outstripped buying volume, a sign that can be interpreted as bearish. These indicators, therefore, raise questions about the sustainability of XRP's current uptrend, CoinDesk explained. As of 10:26 AM New York time on the 13th, XRP was trading at $2.31 on CoinMarketCap, up 6.27% from 24 hours earlier. Earlier in New York trading, XRP had reached a high of $2.34 before paring some of its gains.