Moving further back, the crypto analyst points out that another period when a similar trend had been seen was back in 2022. This came with the crash of the FTX crypto exchange as the market buckled under negative news. Eventually, though, this trend would mark the bottom for XRP, and the price began to rise in the following year.
Going by the previous performances, it is possible that the same trend could mark a bottom here once again. If this happens, then it will not be long until the XRP price begins to rise again. Additionally, such low funding rates suggest that more traders are short, making it a good time for a bounce.
