XRP dips below the $1.30 support amid bearish positioning

XRP fell below the $1.30 support level on Thursday and traded around $1.29, extending a bearish trend that followed the Federal Reserve’s decision to hold interest rates at 3.75%–4.00%. CoinGlass data showed XRP’s long-to-short ratio at 0.82, approaching its lowest in more than a month, a reading below one that indicates shorts outweighed longs in the measured dataset. Its funding rate was 0.0036%, meaning longs were paying shorts, leaving derivatives signals mixed. CryptoQuant indicators showed sell-side dominance in XRP’s spot and futures markets, and the token must reclaim resistance between $1.333 and $1.372 to improve its near-term technical outlook.