Is XRP Repeating A Setup That Once Led To 126% Rally? This Analyst Thinks So

As highlighted by a popular pseudonymous analyst, this dynamic seems to be changing, with capital repositioning since early February (and the TOTAL3 market cap surging by about $125 billion in that period). According to the crypto pundit, XRP is one of the altcoins to keep an eye on during the ongoing market shift.

The Funding Rates metric measures the periodic fee exchanged between traders in the derivatives market for a particular cryptocurrency (XRP, in this case). A negative funding rate suggests that short traders are dominating the market and betting against the asset’s price, capturing an overall bearish sentiment.

Darkfost wrote in the Quicktake post:

Here, funding rates are aggregated over a 30 day period in order to better capture the prevailing sentiment among derivatives traders.

According to the on-chain analyst, a strong setup like this, especially after such a deep correction as the 50% drop in 2026 Q1, could be a signal that a potential reversal is on the horizon for XRP. Darkfost highlighted that this scenario has played out in the past (as recently as April 2025), when the altcoin’s price fell to around $1.95, before a bullish recovery that sparked a 126% rally.

As of this writing, the price of XRP is around $1.42, with no significant movement in the past 24 hours. According to data from TradingView, the cryptocurrency is up by more than 2% in the past seven days.