XRP Price Sinks as Bearish Futures Data Takes Hold

XRP's price has been struggling to maintain its momentum, sliding from a three-month high of $1.69 to $1.37 this week.

The token has shed over 2% in value, with derivatives traders quietly betting against it due to the funding rate flip that turned into a short-favored market.

CryptoQuant's latest market summary shows overheating and sell-side dominance in XRP's futures book, with retail flow contributing to the imbalance. The long-to-short ratio dropped to 0.83 on Tuesday, its lowest reading in a month, with shorts now outnumbering longs.