- XRP is currently trading at the rather unremarkable price of $1.3282, just shy of the declining 50 SMA at $1.3358.
- On April 12, the funding rates took a rather unfortunate turn into negative territory, reaching -0.002 across all exchanges, as if to mock our hopes.
- Social FUD has reached a crescendo, ranking as the third-highest level in two years, according to the ever-reliable Santiment data.
- In February and October of 2025, we witnessed rebounds at similar FUD levels-clearly, history loves to repeat itself.
- A reclamation of the 50 SMA at $1.3358 would be the harbinger of either jubilation or despair for those keen on sentiment signals.
As of April 13, XRP finds itself languishing at $1.3282, representing a modest decline of 1% over the week, teetering below a rather dashing but ultimately falling 50 SMA at $1.3358. How delightful it is when two datasets beneath the price convey identical signals, while the chart itself seems to be engaging in an entirely different conversation!
Funding Flipped
In a revelation from CryptoQuant, we learn that funding rates across all exchanges have rather dramatically turned negative as of April 12, hitting a splendid -0.002-the first such print of the week! During the fine days of April 6-11, funding had basked in positivity, reaching a peak of +0.0058 on April 8, only to be summarily rejected as the price surged to $1.39. Alas, the longs that had once driven this ascent seem to have vanished, leaving the shorts to revel in their newfound control, now obligating longs to pay for the privilege of holding their positions. One must wonder if negative funding, following a failed rally, is ever truly bullish, although it does alleviate the burdensome overhead pressure created by positive funding. The tables have certainly turned, and now it is the leveraged sellers who find themselves footing the bill.
The Crowd Gave Up
According to Santiment, the ratio of positive to negative social commentary regarding XRP stands at a rather precarious 1.02 bullish for every 1.00 bearish-just barely above parity and firmly ensconced in the FUD zone. What a delightful position to be in! This marks the third-highest fear reading for XRP in the last two years.
Interestingly, previous comparable readings have established a pattern. In February 2025, the ratio fell to 0.96 bullish for every 1.00 bearish, only for XRP to rebound significantly thereafter. In October 2025, a similar ratio of 1.01 prompted a brief uptick, followed by a return to downward trends. Two readings, two rebounds: one sustained and the other rather fleeting. Now, with the current reading at 1.02 resting uneasily between these two, XRP has seen a staggering 63% decline over the past nine months. The erstwhile loyal crowd has all but forsaken this asset, which historically signals that prices may soon dance to the opposite tune of expectations.
What the Chart Says
Alas, the chart has yet to confirm any of this, and how it refrains from doing so is most telling. Since the rejection experienced on April 8 at the lofty heights of $1.39, each subsequent rally attempt has resulted in a lower high-a rather demoralizing trend, indeed. The 50 SMA, which once rose with such promise earlier in the week, has begun its descent post-April 12 and now stands as a formidable resistance at $1.3358. Meanwhile, the RSI at 47.89, with its signal line at 45.94, reveals a market that has ceased its descent without finding cause to ascend. Three signals converge toward a singular conclusion: the sentiment case exists, yet the price structure appears obstinately closed.
This brings us to the connection between the two datasets and the prevailing scenario. The funding and FUD signals pose as conditions, while the SMA serves as the proverbial trigger.
Two Scenarios
Should the SMA at $1.3358 yield to a clean hourly close, the analogue of February 2025 shall reign supreme, characterized by peak FUD, negative funding, and a sequential reclamation of technical levels. This triumvirate in February heralded a notable rebound. Should we cross above $1.36, the sequence of lower highs shall be vanquished, with the compression of the past 48 hours interpreted as a solid base rather than a mere pause before further descent.
Conversely, should the SMA hold steadfast and the price revisit the $1.31 low established on April 12, we must brace ourselves for the October 2025 pattern to take precedence-a valid sentiment signal arriving prematurely, leading to further declines before the true nadir is found. While the FUD reading remains historically significant, it might well be deemed too early, placing $1.28 as the next level of relevance.
My own inclinations lean toward the February analogue. The conjunction of negative funding, coupled with a third-highest FUD reading and a price ceasing to make new lows, presents a more compelling setup than whatever October 2025 may have devised. The one missing ingredient then was funding, which had not yet flipped; now it has. While this is no guarantee, it surely warrants recognition.
The information provided herein serves solely for educational purposes and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor prior to making any investment decisions.
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2026-04-13 17:18