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3.
To hold on and not give up. To say I'm hanging in there could mean that you're just all right or it could imply something deeper. For example, the person may be going through some rough times, but they're still holding on and living.
I'm hanging in there
by Circus Monkey :D January 04, 2012
 
1.
It means that you are ok... not good, not bad.
Person 1: Hey, how are you?

Person 2: Hey, I'm hanging in there. How about you?
by SlangExpressions June 17, 2011
 
2.
Basically a way of saying that you are all right, but could be better.
A: How's it going man?
B: I'm hanging in there
by Durham Lad UK July 13, 2011
 
4.
It means that you are ok... not good, not bad.
Person 1: Hey, how are you?

Person 2: Hey, I'm hanging in there. How about you?
by SlangExpressions June 11, 2011