XRP Slips Below $1.30 as Derivatives Bearish Positioning Deepens
Key Summary
XRP traded at $1.29 Thursday morning after sliding beneath the $1.300 support floor following the Federal Reserve's decision to hold interest rates at 3.75%-4.00%. CoinGlass derivatives data confirmed the long-to-short ratio dropped to 0.82 while CryptoQuant metrics highlighted persistent sell-side dominance across major order books.
Key Bullets
- XRP traded around $1.29 Thursday morning after sliding beneath the $1.300 support floor following the Federal Reserve interest rate hold.
- CoinGlass derivatives data confirmed the long-to-short ratio dropped to 0.82 while CryptoQuant metrics highlighted persistent sell-side dominance.
- The daily RSI printed 40 below the neutral 50 level as sellers maintained control over spot and futures order books.
- Traders monitoring the daily chart noted that XRP must reclaim the resistance cluster between $1.333 and $1.372 to alter the bearish outlook.
XRP Drops Below $1.30 Support Level
XRP traded at $1.29 Thursday morning after sliding beneath the $1.300 support floor following the Federal Reserve decision to hold interest rates at 3.75%-4.00%. CoinGlass derivatives data confirmed the long-to-short ratio dropped to 0.82 while CryptoQuant metrics highlighted persistent sell-side dominance across major order books. Sellers took immediate control.
That monetary policy hold sparked broader risk aversion across digital asset markets. Macroeconomic headwinds combined with heavy order book imbalances to accelerate the downward price movement. Liquidity vanished rapidly.
Derivatives Data Shows Mixed Signals
CoinGlass metrics revealed that XRP long-to-short ratios touched 0.82 to mark the lowest reading recorded in over a month. Ratios below 1 indicate that short positions outweigh long positions within the tracked dataset. Bears remained firmly in charge.
XRP funding rates held at a positive 0.0036% to show that leveraged longs were still paying shorts for exposure. That isolated metric suggested pockets of stubborn bullish demand persisted despite the broader downward drift.
Technical Indicators Point To Further Losses
The daily RSI printed 40 below the neutral 50 level to confirm that buying momentum remained severely constrained. Traders watched the charts closely as downside pressure intensified throughout the trading session. Selling pressure continued.
XRP must reclaim the overhead resistance cluster spanning from the 100-day EMA at $1.333 up to the 200-day EMA at $1.372 to invalidate the current bearish technical structure. Buyers failed to mount a defense.
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