XRP Is Flashing a Reversal Signal That Preceded Its Last 126% Rally
BeInCrypto
Analysts suggest XRP may be nearing a significant price reversal due to persistent bearish funding rates and bullish technical chart patterns.Summary
XRP has underperformed compared to other major assets recently, yet analysts have identified a potential reversal signal. On-chain analyst Darkfost noted that Binance funding rates have maintained a bearish bias for nearly three months, a condition that previously preceded a 126% rally. While some market watchers compare XRP’s current compression phase to successful breakouts by assets like Toncoin and Ondo, others caution that a symmetrical triangle pattern on its chart indicates lingering market indecision until a decisive breakout occurs.
(Source：BeInCrypto)