XRP recovers but weak derivatives data limits bullish conviction

XRP extended its recoveries on Thursday after finding support at important technical levels, but weak derivatives data limits bullish conviction. The long-to-short ratio stands at a bullish 1.06 as funding rates turn negative. XRP holds above its 50-day and 100-day EMAs at $1.284 and $1.255, with a daily close above the 200-day EMA at $1.353 potentially placing $1.90 in focus, according to CoinJournal.