XRP Poised for Second Leg Up, According to Prominent Market Expert

A recent assessment by a CryptoQuant expert has shed light on a pivotal dynamic within the XRP ecosystem, where funding rates and price movements are intricately linked. This development could potentially propel the cryptocurrency's value upward by 127%, based on historical patterns. The analyst's observation centers on the predominantly negative funding rates for XRP on Binance, the world's largest cryptocurrency exchange by trading volume, throughout most of 2026. This suggests a prevailing bearish sentiment among XRP traders.

However, the analyst emphasizes that a more critical factor to consider is the emergence of an asymmetric market condition, where traders' biases diverge from price actions. Such instances often occur during XRP's price downturns, similar to its current state. Following a 60% correction in XRP's price, traders are primarily positioning themselves for further decline, rather than anticipating a rebound. Nonetheless, historical precedents hint at a possible reversal of this trend.

The analyst draws parallels with a previous instance where XRP exhibited similar behavior, resulting in a substantial price surge from $1.6 to $3.6, equivalent to a 127% increase. This historical context forms the basis of the analyst's prediction that XRP may replicate this trend. In recent days, XRP has demonstrated notable bullish inclinations, having bounced back from the lower bound of a prolonged sideways trend. The cryptocurrency has consistently yielded profits over the past three days, including a 6.2% surge on Friday, after recovering from an initial dip.

Data from TradingView indicates that XRP has appreciated by 15% this week, rising from $1.32 to $1.50 at the time of writing. This move is significant, given the importance of the $1.5 level in XRP's overall price pattern. A confirmed breakthrough above this level could catalyze a move toward higher levels, particularly if external factors, such as potential US-Iran negotiations, realign in favor of the cryptocurrency. If XRP were to experience a 127% rally from its current price, it would approach its all-time high region, potentially revitalizing discussions about double-digit price targets and paving the way for the digital asset to explore new heights.