PANews reported on February 19 that XRP's daily funding rate has fallen by more than 40%, indicating continued pressure on the derivatives market.

As of press time, according to CryptoQuant's real-time data, this adverse change was also accompanied by a decrease of approximately 4% in open interest.

Since the funding rate reflects the balance between long and short traders, an increasingly negative value for this indicator suggests that the market is betting on further price declines.