PANews February 19 News, XRP’s daily financing rate has decreased by nearly 80%, indicating continued pressure in the derivatives market.
As of press time, according to real-time data from CryptoQuant, this unfavorable change is also accompanied by a roughly 4% decrease in open interest.
Since the financing rate reflects the balance between long and short traders, the negative value of this indicator suggests that market bets on further price declines are intensifying.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
SEC: Shiba Inu (SHIB) Not Security, Ripple's Chris Larsen Injects 261 Million XRP Into $1 Billion Evernorth, BTC Price Reacts to Fed's Decision — Top Weekly Crypto News - U.Today
XRP-based institutional giant to hit $1 billion
SEC clears SHIB regulatory status
Bitcoin reacts to Fed's latest rate decision
XRP's rising support forms near $1.53
XRP-based institutional giant to hit $1 billion
New SEC S-4 filing reveals SBI Holdings paid $10/share as Ripple's Chris
UToday2h ago
XRP Trades In Multi Year Range As Analysts Eye Potential Breakout Move.
_XRP trades between $0.70 and $1 as analysts track accumulation range and potential breakout toward $3, $5, and $10 levels._
XRP is trading within a defined multi year range as market participants monitor key price levels.
Analysts are observing current structure while comparing it with
LiveBTCNews8h ago
