Ripple (XRP) is showing weakness in the $1.33 range, while the perpetual futures market shows a high proportion of long positions betting on a price rise. With price declines and buy-dominant positions observed simultaneously, attention is focused on short-term supply-demand changes.

Price Movement: 24-Hour Trading Range of $1.33 to $1.3863

According to Binance data provided on October 14, XRP's price stood at around $1.33. The change since 00:00 UTC that day was -2.48%, with the 24-hour trading range between $1.33 and $1.3863.

Funding Rate: Latest Settled at +0.0022%, 3-Day Cumulative at -0.0011%

The futures market funding rate was recorded at +0.0022% based on the latest settlement. The next funding rate was quoted at +0.0044%, while the cumulative funding rate over the past three days totaled -0.0011%. A positive funding rate means long position holders pay a fee to short position holders.

However, as the latest settled figure (positive) and the three-day cumulative figure (negative) point in different directions, it is difficult to judge the market trend based on the funding rate at a single point in time.

Open Interest: Contract Count Up vs. Notional Value Down

Divergent movements were also seen in open interest. Over the past hour, the number of open interest contracts rose 0.44%, but in notional value terms it fell 0.24%. While the contract count increased, the total notional value of positions, reflecting price changes, decreased. That said, these changes alone cannot determine whether new buying or selling was dominant.

Long/Short Ratio: Longs at 73.16% Across All Accounts

The long/short ratio showed a clear long position dominance. Longs accounted for 73.16% across all accounts. By account count of top traders, longs stood at 76.80%, and by position size of top traders, longs stood at 66.67%.

All three indicators showed long ratios above half, but the measurement bases differ. In particular, ratios based on account counts and those based on actual position sizes should be interpreted separately.

Moreover, a high long ratio does not immediately imply a price rise. If the downtrend continues, losses on leveraged long positions could widen, potentially leading to liquidations or position reductions that add further selling pressure.

Technical Indicators: RSI Enters Oversold Territory, Moving Averages in Bearish Alignment

Technical indicators showed both short-term weakness and oversold signals. According to the provided data, the 1-hour relative strength index (RSI) entered oversold territory, and the moving average alignment over the same timeframe pointed bearish.

The RSI's oversold signal can be interpreted as indicating strong recent downward movement, but it does not guarantee an immediate rebound. The bearish alignment of moving averages also shows that the short-term price trend has not yet clearly improved.

Points to Watch

The current characteristic of the XRP futures market is the high proportion of accounts holding long positions despite the price decline. With a short-term oversold signal in play, the key question is whether buying pressure recovers or existing long positions continue to be unwound. In particular, future funding rate changes, open interest movements, and actual trading volumes should be examined together.

Even if a price rebound and rising open interest appear simultaneously, it is difficult to determine without additional data whether this reflects new long inflows or expanding short positions.

Ultimately, Ripple (XRP) is showing a pattern near $1.33 in which short-term selling pressure clashes with a high long ratio. Whether the oversold signal leads to a price recovery will need to be confirmed through subsequent trading and position changes.

[Virtual assets and leveraged futures trading carry high risks, and technical indicators and market outlooks may not match actual price movements. This article is not investment advice; investment decisions and responsibility rest with the investor. AI assistance was used in writing this article.]