XRP extends losses as negative funding and rising yields weigh on sentiment

Key Takeaways

XRP extended its corrections Thursday after three consecutive days of losses. CoinGlass showed negative funding rates for XRP, while its long-to-short ratios offered mixed signals. Reports of preparations for possible U.S. strikes against Iran introduced further uncertainty. XRP remained under pressure Thursday as weaker derivatives signals and difficult macroeconomic conditions limited buying interest.

Market Analysis

Negative funding rates pointed to bearish pressure in perpetual futures, while elevated U.S. Treasury yields, dollar strength, and geopolitical concerns weighed on broader sentiment. XRP derivatives show mixed positioning CoinGlass’s XRP long-to-short ratio stood at 0.88 Thursday, indicating a slight tilt toward short positioning within the tracked dataset. Funding rates were more consistently negative. After flipping below zero Wednesday, XRP’s rate stood at -0.0022% on Thursday.

Technical Analysis

XRP price outlook: $1.400 support faces a test Despite its weekly decline, XRP remained above its key daily exponential moving averages. The 50-day EMA near $1.400 provides immediate support, closely followed by the 200-day EMA at $1.389. Below that cluster, the 100-day EMA stands at $1.336. Holding these levels would preserve part of XRP’s constructive technical structure. Momentum, however, remained weak: the RSI hovered near 45, while the MACD was below zero.