XRP trades at $1.37 after losing more than 2% this week, sliding from a three-month high near $1.69. The funding rate turned negative at -0.0012% on Wednesday and the long-to-short ratio dropped to 0.83, its lowest reading in a month, with shorts now outnumbering longs. The token holds above its 50, 100, and 200-day moving averages, but a break below the $1.35 support would expose the price to $1.31-$1.32, potentially reaching $1.27 in case of further weakness.
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