XRP Shows Reversal Signal Preceding a 126% Rally
XRP (XRP) has climbed 5.7% over the last month, underperforming compared to other top five assets, except for stablecoins.
This modest increase is also less than the stronger rallies seen in Zcash (ZEC), Toncoin (TON), Ondo (ONDO), and Internet Computer (ICP). However, an on-chain analyst has pointed out a key signal that could indicate a turning point.
XRP's Price Displays Key Signal as Funding Rates Remain Bearish
In a post on X (formerly Twitter), analyst Darkfost explained that the crypto market has undergone a significant shift since early February.
The Total3 Index, which excludes Bitcoin (BTC), Ethereum (ETH), and stablecoins, has recovered approximately $125 billion after a drop of over $544 billion.
Despite the bounce, traders are still betting short. The analyst noted that on Binance, XRP's funding rates have maintained a “bearish bias” for nearly 3 months, marking the longest period in recent history.
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$XRP $ETH $BTC
#Xrp🔥🔥
XRP (XRP) has climbed 5.7% over the last month, underperforming compared to other top five assets, except for stablecoins.
This modest increase is also less than the stronger rallies seen in Zcash (ZEC), Toncoin (TON), Ondo (ONDO), and Internet Computer (ICP). However, an on-chain analyst has pointed out a key signal that could indicate a turning point.
XRP's Price Displays Key Signal as Funding Rates Remain Bearish
In a post on X (formerly Twitter), analyst Darkfost explained that the crypto market has undergone a significant shift since early February.
The Total3 Index, which excludes Bitcoin (BTC), Ethereum (ETH), and stablecoins, has recovered approximately $125 billion after a drop of over $544 billion.
Despite the bounce, traders are still betting short. The analyst noted that on Binance, XRP's funding rates have maintained a “bearish bias” for nearly 3 months, marking the longest period in recent history.
Follow us on X for the latest real-time news
$XRP $ETH $BTC
#Xrp🔥🔥