XRP Open Interest Climbs 4.01%, Leading Five-Asset Snapshot

XRP posted the largest 24-hour increase in open interest among five crypto perpetual-futures markets at 7 a.m. ET (11:00 UTC) Oct. 19, as long accounts outnumbered short accounts for every asset. Open interest in XRP reached $415.3 million, a 4.01% gain. Long accounts represented 73.8% of XRP accounts, while short accounts accounted for 26.2%. Its mark price stood at $1.30. The funding rate was 0.0015% per eight hours, equivalent to 1.6% on an annualized basis. The figures contrast with the Oct. 15 XRP futures snapshot . In that reading, XRP open interest fell 33.47% to $271.8 million, and funding was -0.0047% every eight hours. The long-account share then stood at 72.8%. A positive funding rate requires holders of long positions to pay holders of short positions.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.