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    Home»Markets»Crypto»$1.37 Support Tested as Funding Stays Positive
    Crypto

    $1.37 Support Tested as Funding Stays Positive

    Press RoomBy Press RoomSeptember 29, 2026No Comments4 Mins Read
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    Author

    Ahmed Barakat

    Author

    Ahmed BarakatVerified

    Part of the Team Since

    Mar 2024

    About Author

    Ahmed Barakat is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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    CryptoNews Editorial Team

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    CryptoNews Editorial TeamVerified

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    The CryptoNews editorial team is composed of seasoned writers specializing in cryptocurrency and blockchain technology. Their expertise ensures comprehensive, accurate, and insightful content for…

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    September 29, 2026

    XRP-inspired coin hovering above a fractured support platform in a purple crypto market scene

    XRP price hovers under $1.49 after three consecutive daily declines left the token losing the $1.50 support, even as a modest bounce pulled it off session lows. CoinGlass data showed the long-to-short ratio at 0.975, meaning short positions marginally outnumbered longs, while the funding rate sat at a positive 0.008%, the reading that determines whether long or short traders pay a periodic fee to hold perpetual futures.

    XRP price trades near $1.49 as positive funding meets futures selling, with $1.37 support and $1.57 resistance shaping the next move.

    XRP Long Short Ratio, Coinglass

    That combination is the crux of the problem. Traders are still paying to stay long, yet the spot price has not moved in a way that rewards the bet, and the disconnect between heavy spot selling and futures demand is the setup that tends to unwind fast once a key level gives way.

    A 0.975 long-to-short ratio is not a bearish signal in any decisive sense. It sits close enough to 1.0 that it reads as near-balanced positioning rather than a market leaning hard in either direction.

    XRP price trades near $1.49 as positive funding meets futures selling, with $1.37 support and $1.57 resistance shaping the next move.

    XRP Funding Rate, Coinglass

    Funding tells a more interesting story on its own. A positive rate means demand for long exposure in crypto derivatives is real enough that longs are compensating shorts to hold the position, which typically signals conviction that price moves higher.

    However, it cuts both ways: if price falls further, those same leveraged longs become forced sellers, and a positive funding regime built on thin spot demand can flip into a liquidation cascade faster than one built on genuine accumulation.

    CryptoQuant’s summary data flagged overheating conditions across both XRP’s spot and futures markets, alongside sell-side dominance in futures, meaning sellers have retained the upper hand in derivatives even as funding stays positive. That is the missing piece: positive funding shows traders are willing to hold bullish exposure, but it has not yet translated into enough buying pressure to absorb the futures selling and push through resistance.

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    XRP Price and the $1.37 Support

    The daily chart still leans bullish on a longer timeframe. XRP held above its 50-day price exponential moving average near $1.365 and its 200-day EMA near $1.369 through the three-day slide, with the 100-day EMA sitting lower at $1.307 as a secondary reference.

    Momentum has cooled rather than reversed. The RSI sat near 55, close to neutral, and the MACD flattened around zero, a pattern consistent with consolidation after an earlier advance rather than an active breakdown.

    Level Price Significance
    200-day EMA $1.369 Converges with 50-day EMA to form key support
    50-day EMA $1.365 Immediate downside floor
    Support zone $1.37 Break exposes $1.30 area
    100-day EMA $1.307 Secondary reference below supports
    Resistance $1.574 Reclaim strengthens case for $1.90 target

    The level that matters most sits at $1.37, where the 50-day and 200-day EMAs converge into a single support band. A clean break below that zone opens the $1.30 area, and a deeper slide would eventually put the $1.00 psychological level in play, though XRP would need to fall substantially before that becomes the immediate focus. On the upside, reclaiming the $1.574 resistance level is the trigger that would strengthen the case for a move toward $1.90.

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    What Happens Next for XRP?

    Two scenarios frame the near-term path. If XRP holds the $1.37 zone, the market stays in a consolidation phase where positive funding continues to reflect trader appetite for long exposure, but that alone won’t confirm a breakout without a corresponding rise in open interest and spot volume.

    If XRP price instead reclaims $1.574, the technical case for a run toward $1.90 gets meaningfully stronger, and that move would likely force shorts to cover into strength. The alternative is a sustained break below $1.37, which shifts focus to $1.30 as the next line of defense, with $1.00 as the deeper level only if that support also fails.

    Either way, the current setup leaves no room for complacency on either side of the trade. Near-balanced positioning combined with positive funding and futures sell-side dominance is a fragile mix, and the next move in spot price will do more to settle the argument than another shift in the long-short ratio.

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