XRP Falls Below $1.30 as Bearish Signals Persist
XRP traded near $1.29 on Thursday, falling below the closely watched $1.30 support as bearish selling pressure persisted. The move followed the Federal Reserve’s decision to hold interest rates at 3.75%–4.00%; inflation concerns and a cautious, hawkish tone weighed on risk appetite.
CoinGlass data put XRP’s long-to-short ratio at 0.82, indicating that short positions outweighed longs in the tracked data. Its funding rate remained positive at 0.0036%, showing that longs were still paying shorts for leveraged exposure—a mixed derivatives signal. CryptoQuant indicators also showed selling dominance in XRP spot and futures markets, alongside large whale orders.
XRP’s daily Relative Strength Index was 40, below the neutral 50 level, while the MACD had edged into positive territory. The token remains below key moving averages. Resistance sits near $1.333, $1.357 and $1.372; reclaiming this range could improve the near-term outlook. A daily close below $1.30 would increase the risk of further losses. XLM markets also showed seller dominance, with its rebound yet to attract sustained demand.
Bearish
The immediate market signal is bearish: XRP has broken below $1.30, a closely watched support level, while the long-to-short ratio of 0.82 points to a predominance of short positioning in the tracked data. CryptoQuant’s sell-side readings for spot and futures markets reinforce the risk of continued selling. The RSI at 40 also suggests weak momentum. A positive funding rate and a slightly improved MACD are counter-signals, but neither confirms a price recovery while XRP remains below key moving averages.
In the short term, traders may watch for a daily close below $1.30, which could encourage further selling or stop-loss activity. A recovery would need to clear resistance around $1.333–$1.372 to offer stronger evidence that buyers are returning. The Fed’s cautious stance may also keep risk appetite subdued, although broader market conditions could outweigh this single factor.
Similar support breaks in volatile crypto markets have often triggered additional testing of lower levels, but they do not guarantee a sustained decline; quick reclaiming of support can instead squeeze short positions. Longer term, the outlook depends on whether XRP can establish support and attract renewed spot demand. The current data therefore indicate near-term downside risk, not certainty about XRP’s longer-term direction.