XRP Extends Three-Session Slide as Bearish Positioning Weighs

XRP extended its decline for a third straight session Thursday as negative perpetual-futures funding and a long-to-short account ratio below 1 reflected bearish positioning in derivatives markets.

XRP traded near $1.422 Thursday and was down more than 6% for the week. The long-to-short account ratio stood at 0.88, indicating that short-position accounts outnumbered long-position accounts in the tracked dataset. The measure reflects the distribution of accounts, not the total amount of capital held in either position.

Perpetual-futures funding was negative Thursday. Under the market convention, short positions pay long positions when funding is negative. The reading can indicate bearish positioning but does not determine the asset’s next price move.

The combination indicates bearish derivatives positioning around XRP. It does not establish a forecast for the token.

Broader conditions also remained difficult for speculative assets. Elevated Treasury yields, a firmer dollar and uncertainty over possible U.S. military action involving Iran weighed on risk sentiment.

The Federal Open Market Committee (FOMC) raised the federal funds target range by 25 basis points to 3.75%-4% at its Sept. 15-16 meeting. Most participants judged that another increase would likely be appropriate by year-end.

“The Committee will deliver price stability,” the FOMC minutes said.