XRP has slipped under $1.50 after three straight daily declines, leaving the token testing a key support band near $1.37. Positive funding shows traders still want long exposure, but derivatives data shows sellers keep the upper hand, a mix that leaves the setup fragile in either direction.
XRP trades below $1.49 after three consecutive daily declines pulled it under the $1.50 level, even as a modest bounce lifted it off session lows. CoinGlass data put the long-to-short ratio at 0.975, with shorts marginally outnumbering longs. The funding rate held at a positive 0.008%.
That combination is the core tension. Traders are still paying to stay long, yet spot price has not moved enough to reward the bet. A 0.975 ratio is not a bearish signal on its own — it sits close enough to 1.0 to read as near-balanced positioning rather than a market leaning hard either way.
Funding stays positive, but sellers hold the edge
A positive funding rate means longs are compensating shorts to hold their positions, which usually signals conviction that price moves higher. However, it cuts both ways: if price falls further, those same leveraged longs become forced sellers, and a positive-funding regime built on thin spot demand can unwind into a liquidation cascade faster than one built on genuine accumulation.
CryptoQuant's summary data flagged overheating conditions across both XRP's spot and futures markets, alongside sell-side dominance in futures, meaning sellers have kept the upper hand in derivatives even as funding stays positive.
The $1.37 level to watch
XRP has held above its 50-day exponential moving average near $1.365 and its 200-day EMA near $1.369 through the three-day slide, with the 100-day EMA at $1.307 as a secondary reference. The RSI sits near 55, close to neutral, and the MACD has flattened around zero — a pattern consistent with consolidation rather than an active breakdown.
The 50-day and 200-day EMAs converge near $1.37, forming the key support zone for the token. A clean break below that zone opens the $1.30 area, and a deeper slide would eventually put the $1.00 psychological level in play, though XRP would need to fall substantially first. On the upside, reclaiming the $1.574 resistance level would strengthen the case for a move toward $1.90.
If XRP holds $1.37, the market stays in consolidation, but positive funding alone won't confirm a breakout without a matching rise in open interest and spot volume. A sustained break below $1.37 shifts focus to $1.30, with $1.00 only in play if that support also fails.
Source: Cryptonews
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