- Despite a recovery in the past three months, XRP funding rates have remained bearish, a trend that previously triggered a 126% price rally.
- Ripple CEO Brad Garlinghouse has dismissed claims that the company is moving away from XRP, saying it remains the most vested in the token’s rise.
XRP has underperformed most major-cap cryptos over the past month, gaining 5.7%, while some like Bitcoin, Solana, TRON and Dogecoin surged over 10%. However, one analyst has identified a reverse signal that he says could trigger over 100% in price gains.
XRP changes hands at $1.43 at press time, gaining 1% over the past day as trading volume dipped nearly 30%. The crypto has traded sideways over the past week, setting a weekly high at $1.45 on Wednesday before dipping to a weekly low of $1.37 the next day.
One analyst noted that XRP was a victim of an overall dip in the altcoin sector, which was hard hit by an uncertain global economy. This led to the Total3 index losing over $540 billion. Total3 tracks all cryptos except Bitcoin, Ethereum and stablecoins.
📉 During this correction, driven by an uncertain global backdrop, the altcoin sector was the first to suffer the consequences.
As a result, the Total3 index, which represents the crypto market cap excluding $BTC, $ETH, and stablecoins, lost more than $544B.
However, the… pic.twitter.com/JZToj19FmI
— Darkfost (@Darkfost_Coc) May 9, 2026
Since February, the index has been on a recovery, regaining $125 billion. However, this recovery has not reflected across the board; for some altcoins like XRP, traders have continued betting against them. On Binance, XRP funding rates are recording their longest negative stretch in recent times.
According to the analyst, when the funding rates maintain a negative bias long after the price has recovered, “it is often a sign that a potential reversal may be developing.”
He noted:
“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.”
Another market observer noted that XRP has followed a similar price pattern to Toncoin’s TON and Ondo Finance’s ONDO, and both these tokens have exploded in recent weeks. He believes that XRP will surge above $2 this month, setting it up for an explosion in the coming months.
However, some believe that the upside is not guaranteed and will depend on how XRP moves over the next few days. One observer revealed that the crypto has been trading on a descending wedge and that it all comes down to whether it breaks the ascending support or the descending resistance, which will happen this month.
Ripple CEO: XRP is Still Our North Star
Elsewhere, Ripple CEO Brad Garlinghouse defended his company against allegations that it has abandoned XRP to push its own product.
Speaking in Las Vegas, he stated:
“We will continue to be the most interested party in seeing XRP be successful. Whenever I see people questioning that, it doesn’t make sense logically.”
He reiterated that Ripple remains the largest holder of XRP on its escrow wallets, and so stands to gain the most from the token surging. The company is committed to making XRP usable, liquid, and trusted, he added.
