• XRP and ETH are both showing elevated Funding Rates.
• Could this be the start of Ripple outpacing Ethereum heading into Q3?

Q3 has kicked off with fresh capital rotations, and Ethereum [ETH] extended its lead in the altcoin pack with a 36.48% rally last quarter.

Now, Futures markets are leaning bullish once again. In fact, ETH Funding Rates flipped positive at 0.0083%, suggesting leveraged traders are anticipating upside continuation.

However, according to AMBCrypto, this setup raises a deeper question: was this rally driven by genuine spot demand, or did it feed off capital rotation from laggards like Ripple [XRP]?

How this dynamic unfolds could shape the altcoin narrative as we head deeper into Q3.