XRP funding hits 2022 lows; open interest and trading volume fall

XRP funding turned negative for most of Feb–Mar 2026. 31 of the last 39 days closed below zero.

Analyst Cryptoinsightuk flagged the stretch as the weakest since 2022 in an X post. He tracked funding staying negative across February and continuing into March source.

Pattern matches two prior episodes. In Mar–Apr 2025, funding stayed negative source. After that, price rallied to levels last seen in 2018 source.

In 2022, a similar stretch coincided with the FTX collapse and marked the local bottom for XRP, per the analyst’s chart source.

Market activity is softer. Coinglass shows funding pressure alongside weaker participation source. Open interest has fallen since 2025 source. Daily spot volume dropped from $78.85B at end-2024 to under $4B at report time source.

Headline: XRP funding hits 2022 lows: 31 of 39 days negative, OI and volume slump