Market Moves: XRP Funding Rate Takes a Sharp Dip
According to the latest data, on February 19, XRP’s daily funding rate fell by over 40%. This steep drop reflects mounting pressure within the derivatives market.
Open Interest Declines Alongside Funding Rate
Data shows that at the time of writing, open interest also dropped by around 4%. This trend suggests that market participants are increasingly cautious about XRP’s future price direction.
Funding Rate and Market Sentiment
The funding rate is a key indicator of the balance between long and short traders. The sharp drop in this metric further implies that market sentiment is turning more bearish, with expectations that XRP prices may continue to fall.
- Deepening negative funding rates signal bearish sentiment
- Declining open interest indicates weakening investor confidence
- Derivatives market trends reflect broader market mood