XRP Is Flashing a Reversal Signal That Preceded Its Last 126% Rally

XRP (XRP) has climbed 5.7% over the past month, underperforming all other top-five large-cap assets except stablecoins. The modest rise also falters against sharper rallies in Zcash (ZEC), Toncoin (TON), Ondo (ONDO), and Internet Computer (ICP). However, an on-chain analyst has flagged a key signal that could mark a turning point. XRP Price Flashes Reversal Signal as Funding Rates Stay Bearish In a post on X (formerly Twitter), analyst Darkfost explained that the crypto market has undergone a notable shift since early February. The Total3 index, which excludes Bitcoin (BTC), Ethereum (ETH), and stablecoins, has recovered roughly $125 billion after experiencing a drawdown of more than $544 billion. Despite the rebound, traders keep leaning short. The analyst observed that on Binance, XRP’s funding rates have “maintained a bearish bias” for nearly 3 months, the longest such stretch in recent history. Follow us on X to get the latest news as it happens XRP Funding Rates. Source: X/Darkfost The bearish bias persists despite XRP’s 27% price appreciation over the same period. According to the analyst, “When such a strong consensus forms, especially after a correction exceeding 60%, it is often a sign that a potential reversal may be developing. This notably happened in April 2025, when XRP reached $1.25, before a bullish recovery eventually triggered a rally that led to a 126% advance.” Technical Picture Splits Analysts On the technical front, one analyst noted similarities between XRP and the bear market compression phases seen in Toncoin and Ondo. According to the analyst, both assets recorded strong breakouts, suggesting XRP could be positioned for a similar move. The next XRP move toward $2-$4 is loading.Just look at the similarities when you lay the XRP chart next to TON and ONDO after their bear market compression phases.Both broke out hard.XRP is next. pic.twitter.com/DtIBWqJ2H6— Bird (@Bird_XRPL) May 9, 2026 However, not everyone is convinced. Another market wa...