XRP Price Stuck in Neutral as Technical Weakness Mounts

XRP's price action has been relatively flat in recent days, trading at around $1.41 as of Monday morning, up 2.9% over the past week.

However, the token failed to break above a key resistance level earlier this week, slipping back below $1.41 and casting doubt on its technical structure.

Losing ground against Bitcoin is another concern for XRP investors, as it has dipped below its recent trading range and struggled to recover.

Market positioning data shows a wave of new short bets building up since September 18, with order flow leaning slightly bearish.