XRP continued to face downward pressure on Thursday, with buyers unable to sustain recent recovery efforts. The token traded around $1.34, staying below several major moving averages and highlighting the market’s cautious tone.
Mixed derivatives and futures signals
Futures market dynamics revealed growing uncertainty among traders. Data from CoinGlass showed XRP’s long-to-short ratio at 0.86 on Thursday, marking its lowest point in over a month and indicating a clear preference for short positions.
A ratio lower than one points to sellers controlling the majority of positions, making the near-term outlook bearish for XRP. Short dominance has become more pronounced in recent days as the price struggled to regain lost ground.
Despite this, the perpetual futures funding rate for XRP turned positive on Monday and edged up to 0.0064% by Thursday. With this positive funding, traders holding long positions pay those on the short side, suggesting some market participants still expect a rebound.
This apparent split between bearish positioning and positive funding reflects uncertainty over whether XRP’s recent dip marks the end of its decline or the start of a deeper correction.
CryptoQuant, a digital asset analytics firm, pointed out large whale orders alongside heavy spot and futures activity in XRP. While substantial orders often signal key interest levels, CryptoQuant observed that sell-side dominance in futures added to a cautious overall sentiment.
The combination of these conflicting signals leaves buyers with little clear evidence of momentum for a sustained move higher.
Mini dictionary: CoinGlass is a cryptocurrency derivatives data and analytics platform widely used by traders to monitor futures and options markets for major coins.
XRP’s positioning across derivatives platforms shows mixed signals, with large whale orders and significant sell-side presence constraining the potential for a robust recovery.
Technical resistance and support levels
Short-term technical charts reinforce the cautious outlook. Both daily and 4-hour timeframes show XRP trading under key resistance levels, particularly the 200-day Exponential Moving Average at $1.374 and the 50-day EMA at $1.375. These indicators create a narrow resistance zone that buyers would need to reclaim before further advances could develop.
Weak technical momentum adds to the challenge. The Relative Strength Index (RSI) stands near 44, below the neutral 50 mark, and the Moving Average Convergence Divergence (MACD) remains marginally negative, indicating that sellers are still active.
If XRP breaks through resistance at $1.374–$1.375, the next upside target would be horizontal resistance at $1.540, with a further obstacle waiting near $1.900 should a broader rally occur.
To the downside, the token continues to find initial support at the 100-day EMA around $1.337. A move below this level could lead the price toward horizontal support at $1.300. Failure to hold $1.300 would threaten the stabilization effort and potentially push XRP toward the recent swing low of $1.25.
| Level | Type | Value |
|---|---|---|
| Key Resistance | 200-day/50-day EMA | $1.374–$1.375 |
| Support | 100-day EMA | $1.337 |
| Secondary Support | Horizontal | $1.300 |
| Swing Low | Recent Low | $1.25 |
For now, XRP remains locked between identified support and resistance, with technicals and derivatives data both suggesting that buyers and sellers have yet to gain clear control of market direction.
