XRP Price: Traders Have Been Shorting for 3 Months — Here’s Why That Could Backfire

TLDR

• XRP hit a high of $1.5074 before pulling back, now trading around $1.44
• A bullish trend line sits at $1.4420, acting as near-term support
• Analyst Darkfost flagged bearish funding rates as a possible reversal signal, pointing to XRP’s 126% rally in 2025 as a comparison
• Analyst Egrag Crypto outlines a potential macro bottom near $0.93 if a historical downside pattern repeats
• XRP futures open interest rose to $2.72 billion even as trading volume fell 34%

XRP pulled back after touching $1.5074, and traders are now watching a cluster of support levels to see if the price can set up another move higher.

The token outperformed Bitcoin and Ethereum on the way up, climbing past $1.45 before losing steam near $1.5050. After the high, the price dropped below $1.48 and $1.4620, slipping under the 38.2% Fibonacci retracement of the $1.3786 to $1.5074 range.

At the time of writing, XRP is trading around $1.42 to $1.44, sitting above the 100-hourly Simple Moving Average. A bullish trend line is forming on the hourly chart with support at $1.4420.

For a fresh push higher, bulls need to clear $1.4620. A break above that level opens the door to $1.4770, then $1.5050. Further targets sit at $1.520 and $1.550.

On the downside, a failure to hold $1.4420 puts $1.4280 in focus, which lines up with the 61.8% Fibonacci level. A close below that could send the price toward $1.4120 and $1.40.

Analyst Flags Bearish Funding Rates as Reversal Signal

Analyst Darkfost posted on X that XRP’s funding rates on Binance have held a bearish bias for close to three months — the longest such stretch recently. This is happening even as XRP is up about 27% over that same period.

Darkfost pointed to April 2025 as a comparison. At that time, XRP was at $1.25 with similarly bearish positioning, and the price went on to rally 126%.

Separately, analyst CW noted on X that a golden cross of sub-indicators is forming, and called a full-scale rise “imminent.”

Macro Bottom Thesis Points to $0.93

Analyst Egrag Crypto has drawn attention to XRP’s weekly chart. He noted that XRP’s historical cycle lows have shown decreasing deviation below the 200-week SMA each cycle — roughly 60% below in the first cycle, 40% in the second.

If the pattern holds, the next potential bottom would sit around 20% below the 200-week SMA, pointing to approximately $0.93. Egrag called it a “logical structure,” not a confirmed bottom.

XRP is still holding its long-term ascending trendline on the weekly chart.

Derivatives data from CoinGlass shows futures volume fell 34% to $2.05 billion, while open interest rose 1.05% to $2.72 billion. The OI-weighted funding rate was 0.0052%, a slightly positive reading.

XRP’s 24-hour trading volume stood at $1.2 billion with a 30.48% decline, per CoinMarketCap.

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