XRP climbed back above $1.30 on Thursday and holds above its 50-day and 100-day moving averages, but conflicting funding-rate and positioning data show traders remain split on whether the bounce can extend. A daily close above the 200-day EMA at $1.353 would open the door toward $1.90.
XRP extended its recovery on Thursday after finding support at key technical levels. Conflicting signals across funding rates, long-to-short positioning and on-chain data show traders are still uncertain whether the rebound can hold.
The token traded near $1.30 while holding above its 50-day and 100-day exponential moving averages. A close above the 200-day EMA at $1.353 is needed to strengthen the recovery.
Derivatives data sends mixed signals
XRP's long-to-short ratio rose to 1.06 on Thursday, approaching its highest level in more than a month, according to CoinGlass. A ratio above one means traders hold more long positions than shorts, a moderately bullish positioning bias.
But the funding rate turned negative on Wednesday and stood at -0.0040% on Thursday. Negative funding means short-position holders are paying longs, which indicates bearish positioning has become more aggressive. This conflicts with the bullish long-to-short ratio and highlights the lack of consensus among futures traders.
CryptoQuant's summary indicators point to cautious conditions across XRP's spot and futures markets. XRP is showing signs of overheating, while its futures market reflects sell-side dominance. Taken together, the metrics suggest XRP has not attracted enough consistent demand to confirm a sustained recovery.
Price holds a narrow support zone
XRP traded near $1.30 on Thursday, maintaining a neutral, range-bound technical structure. The token sits slightly above its 50-day EMA at $1.284 and its 100-day EMA at $1.255, which together form a demand zone between roughly $1.25 and $1.28.
The Relative Strength Index stands near 46, signaling neutral-to-weak momentum, while the Moving Average Convergence Divergence indicator remains below zero. A break below the moving-average support cluster could expose the psychological $1 level.
XRP's 200-day EMA at $1.353 represents its most important near-term resistance. A daily close above this level could open a path toward the next major horizontal resistance near $1.90. Failure to clear $1.353 would keep XRP trapped within its current range and leave the $1.30 area vulnerable to another pullback.
Source: CoinJournal
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