XRP traded below $1.49 after three consecutive daily declines pushed the token beneath the $1.50 support level. A modest rebound from the session low helped limit the losses, but the broader price structure remains under pressure. CoinGlass data showed a long-to-short ratio of 0.975, indicating slightly more short positions than longs, while the funding rate remained positive at 0.008%.
The combination highlights a disconnect between derivatives positioning and spot-market performance. Traders are still paying to maintain long positions, yet XRP has continued to decline in the spot market. If selling persists, leveraged long positions could face increasing pressure as key support levels come under threat.
A long-to-short ratio of 0.975 is not, by itself, a strong bearish signal. Because it is close to 1.0, the reading indicates relatively balanced positioning, with neither side holding a clear numerical advantage.
The positive funding rate provides a different indication. It means long traders are paying short traders to maintain perpetual futures positions, reflecting continued demand for bullish exposure. However, that positioning can become a source of downside pressure if prices fall far enough to trigger liquidations among leveraged longs.
CryptoQuant data has pointed to elevated conditions across XRP’s spot and futures markets, while futures activity has remained dominated by sellers. That suggests bullish positioning has not yet generated enough spot-market demand to absorb the selling pressure or drive XRP through resistance.
XRP Technical Picture
Despite the recent weakness, XRP’s longer-term daily structure remains intact. The token held above its 50-day EMA near $1.365 and its 200-day EMA around $1.369 during the three-day decline. The 100-day EMA, meanwhile, sits near $1.307 as a secondary support reference.
Momentum has cooled without showing a clear reversal. RSI remains around 55, placing it close to neutral territory, while the MACD has flattened near zero. These readings are more consistent with a period of consolidation following an earlier rally than with a confirmed breakdown.
The $1.37 region is the key support zone because the 50-day and 200-day EMAs are converging around that level. A decisive break below this area could expose XRP to $1.30. If the decline becomes substantially deeper, the $1.00 psychological level could eventually become relevant.
On the upside, $1.574 remains the main resistance level. A sustained recovery above it would improve the technical setup and could put $1.90 back into focus.
XRP Price Outlook
The immediate outlook depends on whether XRP can defend the $1.37 support area. If the level holds, the token could remain range-bound while traders continue to maintain bullish exposure through positive funding. However, funding alone would not confirm a breakout; rising open interest and stronger spot volume would provide additional confirmation.
A sustained move above $1.574 would strengthen the bullish structure and potentially open a path toward $1.90. Such a rally could also pressure short sellers to close their positions as the price moves higher.
If XRP instead breaks decisively below $1.37, attention would turn toward $1.30 as the next major support. The $1.00 level would become a deeper downside reference only if XRP also loses the intermediate support zones.
For now, the combination of balanced positioning, positive funding and futures selling leaves the market without a clear directional signal. The next sustained move in spot XRP will likely provide a stronger indication of the market’s direction than the long-to-short ratio alone.
