{"id":32899,"date":"2026-09-29T13:00:44","date_gmt":"2026-09-29T12:00:44","guid":{"rendered":"https:\/\/investx.fr\/en\/2026\/09\/29\/xrp-price-analysis-positive-funding-fragile-market-structure\/"},"modified":"2026-09-29T13:00:51","modified_gmt":"2026-09-29T12:00:51","slug":"xrp-price-analysis-positive-funding-fragile-market-structure","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/xrp-price-analysis-positive-funding-fragile-market-structure\/","title":{"rendered":"XRP Under Pressure: Positive Funding Conceals a Fragile Market Structure"},"content":{"rendered":"\n

XRP<\/strong> has now posted three consecutive sessions in the red, slipping below the $1.50<\/strong> mark. On the surface, funding data looks reassuring \u2014 but it masks a market structure that is far more precarious than it appears.<\/p>\n\n\n\n

The long\/short ratio<\/strong> is hovering near equilibrium, funding<\/strong> remains positive, and yet price refuses to follow. This disconnect between demand in the derivatives<\/strong> market and selling pressure on the spot market<\/strong> is exactly the kind of setup that can unravel quickly.<\/p>\n\n\n\n

Here is what on-chain data<\/strong> and technical indicators are really telling us about the current state of XRP<\/strong>.<\/p>\n\n\n\n

Positive Funding That Isn’t Translating Into Price Gains<\/h2>\n\n\n\n

According to CoinGlass<\/strong> data, the long\/short ratio<\/strong> for XRP<\/strong> sits at 0.975<\/strong> \u2014 short positions slightly outweigh longs, but the gap is too narrow to signal any genuinely bearish positioning. The market is nearly balanced, offering no clear directional bias.<\/p>\n\n\n\n

The funding rate<\/strong> is printing at +0.008%<\/strong>. A positive figure means long traders are paying short traders to maintain their positions in perpetual futures<\/a><\/strong> \u2014 a sign that bullish demand in the derivatives market remains real. In theory, this reads as a conviction signal. In practice, it is a double-edged sword.<\/p>\n\n\n\n

If price continues to retreat, these leveraged longs become forced sellers. Positive funding<\/strong> built on weak spot demand can tip into a liquidation cascade<\/strong> far faster than a market supported by genuine accumulation. CryptoQuant<\/strong> reinforces this reading: its data flags overheating conditions across both the spot and futures markets for XRP<\/strong>, with seller dominance on the derivatives side \u2014 despite the positive funding rate.<\/p>\n\n\n\n

\"XRP<\/figure>\n\n\n\n

The $1.37 Support: The Level That Will Decide Everything<\/h2>\n\n\n\n

On the daily chart, XRP<\/strong> is still holding a medium-term bullish structure<\/strong>. The token is trading above its 50-day EMA (~$1.365)<\/strong> and its 200-day EMA (~$1.369)<\/strong>, two moving averages converging to form a critical support zone<\/strong> around $1.37<\/strong>. The 100-day EMA<\/strong>, sitting lower at $1.307<\/strong>, acts as a secondary safety net.<\/p>\n\n\n\n

Momentum indicators<\/strong> point to consolidation rather than a clean breakdown. The RSI<\/strong> is hovering around 55, close to neutral, while the MACD<\/strong> is flattening near zero \u2014 typical behavior for a pause following a rally, not a confirmed bearish reversal.<\/p>\n\n\n\n

Two scenarios are now in play. A clean break below $1.37<\/strong> would open the door toward the $1.30 zone<\/strong>, and a sharper deterioration would bring the psychological $1.00 level<\/strong> back into the conversation \u2014 though that remains a distant prospect for now. Conversely, a reclaim of the $1.574 resistance<\/a><\/strong> would significantly strengthen the bullish case and reopen the path toward $1.90<\/a><\/strong>.<\/p>\n\n\n\n

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