XRP Price Faces Pressure as Bearish Futures Data Mounts

XRP is currently trading around $1.37 after losing more than two percent over the past week. The token pulled back from a recent three month high near $1.69, running into selling pressure that has caught the attention of market analysts.

Derivatives data shows a notable shift in sentiment. The long to short ratio recently dropped to 0.83, its lowest reading in a month, meaning short positions now outnumber longs. Additionally, funding rates turned negative, showing that short holders are actively paying longs. This setup usually points to cooling momentum and caution among traders.

On the technical side, XRP is holding just above key moving averages clustered between $1.24 and $1.35. The relative strength index sits in the mid fifties, suggesting that buying pressure has faded rather than collapsed completely. Traders are watching the $1.35 support level closely this week.

If the token holds this key floor, consolidation between $1.35 and $1.40 is likely. A break below $1.35 could expose lower supports near $1.31 and $1.27. On the upside, reclaiming the $1.43 resistance zone is necessary for bulls to target a run back toward $1.70.