Markets· ★★★· bearish·

XRP slips below $1.48 as bullish positioning fails to halt decline

  • —XRP trades near $1.4771, below $1.48 after three consecutive daily losses
  • —Long-to-short ratio stands at 0.974, with shorts slightly outnumbering longs
  • —Funding rate is positive at 0.0062%, meaning longs pay shorts
  • —CryptoQuant flags overheating in XRP spot and futures markets with sell-side dominance
Why it matters: Positive funding with weak spot demand leaves XRP exposed to cascading long liquidations if support at $1.37 gives way.
#XRP
Source: Invezz
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