Analyst Identifies The Reason Behind XRP’s Improved Bullish Momentum
- XRP is experiencing a price turnaround reflected in its price action over the past month.
- An analyst identified an improved funding rate as a signal for XRP’s potential turnaround.
- Technical indicators suggest XRP is in a neutral zone and could trend either way.
According to TradingView data, XRP’s bearish momentum has faded over the past month, since the cryptocurrency declined to $1.0072, marking its lowest price since November 2024. The altcoin’s trend throughout July 2026 reflected the formation of higher lows, suggesting an exhaustion of the bearish pressure.
What Does XRP’s Funding Rate Say?
Besides XRP’s price action, crypto analysts have identified other elements indicating an improvement in the crypto asset’s bullish momentum. According to a CryptoQuant expert, the funding rate data for XRP contracts on Binance indicates a return of positive…
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