XRP struggles to reclaim its 200-day moving average as negative funding rates and broken demand zones signal a potential slide toward $1.30 or lower.
XRP is under its 200-day MA with negative funding rates and broken demand zone, suggesting further downside.
XRP faces mounting bearish pressure after falling below its 200-day moving average and losing a critical 3.2 billion token demand zone. With funding rates hitting their most negative levels since June, short sellers are aggressively positioning for further downside, targeting potential support levels at $1.30 and $1.21.
The 200-day moving average serves as a critical marker between long-term uptrends and downtrends; XRP's failure to close above this level suggests a shift in market sentiment.
A negative funding rate indicates that short sellers are paying long holders to keep their positions open, signaling strong bearish conviction among traders.