XRP trades at $1.34 as futures markets show mixed signals, risk of $1.25 loss

XRP continued to face downward pressure on Thursday, with buyers unable to sustain recent recovery efforts. The token traded around $1.34, staying below several major moving averages and highlighting the market’s cautious tone. Futures market dynamics revealed growing uncertainty among traders. Data from CoinGlass showed XRP’s long-to-short ratio at 0.86 on Thursday, marking its lowest point in over a month and indicating a clear preference for short positions. A ratio lower than one points to sellers controlling the majority of positions, making the near-term outlook bearish for XRP.

Source: CoinTurk News