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
Will XRP Hold $1.33 or Extend Toward $1.30 Before Rebound?
XRP is currently trading at $1.35, experiencing a 1.3% decline. Key support is at $1.34, while resistance is at $1.40. The price is testing around the Fibonacci levels of $1.33 and $1.30, crucial for potential upward movement or deeper decline.
CryptoNewsLand2h ago
Best Crypto to Buy Now: XRP and ADA Bounce, but Pepeto Offers Rare Asymmetry as ZeroHash Files for National Trust Bank Charter
ZeroHash just applied for a national trust bank charter to expand regulated stablecoin services under a single federal framework, and when crypto infrastructure companies start filing for bank charters instead of running from regulation.
It means the industry is maturing into something that
CaptainAltcoin4h ago
Here’s the XRP Price If Banks Start Treating Ripple as the Ultimate “Integration Play”
Ripple’s XRP price moved up a bit today, but the overall picture still feels uncertain. The token dropped heavily over the past few months, and many traders are still careful.
Online discussions show mixed feelings. Some think the recent drop may have formed a short-term bottom. However, many
CaptainAltcoin4h ago