Ripple’s XRP is trading around $1.17 on Thursday after losing more than 3% of its value in the last 24 hours. The cross-border coin is holding below the upper boundary of its falling channel after facing rejection at higher levels. Despite a modest stabilization, XRP remains under pressure from broader technical resistance zones, and derivatives signals that point to cautious market sentiment. Derivatives data signals bearish tilt for XRP Market positioning data suggests a mildly bearish outlook for XRP. CoinGlass metrics show that XRP’s OI-weighted funding rate has turned negative at -0.0090%, indicating that short positions are paying longs, a signal often associated with bearish sentiment. Furthermore, the long-to-short ratio has also tilted negative (0.
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