XRP Price Fragile After Three-Day Slide

XRP's price has been struggling to stay above $1.50 after three consecutive daily declines, leaving it vulnerable to a potential collapse.

The long-to-short ratio on CoinGlass stands at 0.975, indicating that short positions marginally outnumber longs. Meanwhile, the funding rate is positive at 0.008%, suggesting that traders are willing to hold bullish exposure, but this hasn't translated into enough buying pressure to absorb futures selling and push through resistance.

Despite a daily chart that still leans bullish on a longer timeframe, XRP's current setup leaves no room for complacency. The market is fragile, with positive funding and futures sell-side dominance creating an overheating condition that can quickly flip into a liquidation cascade if the price falls further.