XRP Support Under Pressure as Trendline Faces Second Test

XRP is once again testing its rising trendline support at around $1.10, a level it has reached multiple times in recent sessions.

The trendline, which connects XRP's higher lows since late June, has been defended by buyers on previous occasions, but the repeated tests have left it vulnerable to a potential breakdown.

Binance funding has turned slightly more constructive, with XRP funding rising to approximately 0.00138 and its 30-day Z-score reaching 0.21, indicating a modest shift towards long positions among Binance traders.