XRP rebounds as derivatives improve, but faces EMA resistance
Photo: CoinJournal
Key takeaways XRP traded near $1.374 on Tuesday after Monday’s correction. Long-to-short ratios of 1.09 for XRP indicate a modest tilt toward longs. Immediate XRP support sits at $1.339, followed by $1.300, while resistance begins at $1.381. XRP posted modest rebounds on Tuesday as derivatives positioning improved following the previous day’s pullback. XRP traded around $1.374, showing signs of stabilization, although differing funding rates suggest traders remain divided about the strength of the recovery. For XRP, overhead moving-average resistance and weak momentum continue to constrain the near-term outlook.
Source: CoinJournal
