XRP price: What next for Ripple-linked token as weak price action creates unstable setup
XRP hovers near $1.33 amid slowing momentum, rising leverage, and repeated rejections near $1.35-$1.36, creating an unstable trading setup.Summary
XRP is currently testing support around $1.33, exhibiting weak price action characterized by slowing momentum and lower highs, despite holding the immediate support level. Concurrently, funding rates have jumped, indicating that traders are building increasingly bullish leverage positions. This mismatch—rising bullish positioning against price failing to break resistance at $1.35 to $1.36—creates a tense, unstable setup. A break below the $1.33 support could accelerate a slide toward $1.30, whereas a sustained move above $1.35-$1.36 is required to signal a shift toward higher momentum. The continued build-up of leverage without corresponding price appreciation increases the risk of a sharper move once one side of the market is forced out.
(Source：CoinDesk)