XRPUSD Stabilizes Above Key EMAs Amid Near-Balance Positioning

XRPUSD has been trading near $1.477 after a three-day dip, maintaining its position above the 50- and 200-day Exponential Moving Averages (EMAs) around $1.365, $1.369.

The short-term downside momentum is currently being consolidated with key EMA support in place.

Invezz's XRPUSD spot CFD analysis shows a near-balance ratio of long-to-short positions at 0.974, indicating a slight bias towards the bulls.

Funding rates are positive at 0.0062%, suggesting that long positions are currently being rewarded.

Ripple's October 1 monthly escrow release could potentially free up to 1 billion XRP, although unused tokens may be returned to new escrow, which could limit the increase in circulating supply.