- A CryptoQuant analyst has seen why XRP could embark on another 127% rally.
- Things could change quickly for XRP despite the prevailing bearish sentiment.
- XRP has surged 15% this week, retesting the crucial $1.5 resistance in the latest rally.
A CryptoQuant analyst has identified a potentially crucial development in the XRP ecosystem linked with the cryptocurrency’s funding rates and price behavior. According to the analyst, the overall outcome of these signals could lead to a 127% rally for the digital asset, judging from historical trends.
When Crucial Signals Outdo Themselves
The analyst highlighted that XRP funding rates on Binance, the largest cryptocurrency exchange by volume, have been in the negative region for most of 2026. That suggests a broad shift toward bearish bias among XRP traders on the crypto exchange.
Despite the observed outlook, the analyst noted that achieving an asymmetric market condition with reference to traders’ bias and price action is a more crucial development to watch out for, and it usually occurs during XRP drawdowns, akin to the cryptocurrency’s current condition.
A -60% correction in XRP’s price leaves traders positioning for further downside movement, rather than anticipating a rebound. However, historical trends suggest the possibility of a contrasting development, as cited by the analyst.
A Historical Perspective Amid the Latest Rebound
According to him, XRP embarked on a significant impulse-motivated upsurge the last time the cryptocurrency displayed a similar behavior. XRP moved from $1.6 to $3.6, reflecting a rally of about 127%, which informs his prediction of a repeat of such a trend.
In the meantime, the cryptocurrency has reflected notable bullish tendencies in the past few days, after bouncing off the base of a stretching sideways trend. XRP has recorded consistent profit for the past three days, including a 6.2% surge this Friday after recovering from a slight dip in the early hours of the day.
TradingView’s data reveals that XRP has gained 15% this week, surging from $1.32 to trade at $$1.50 at the time of writing. This marks a notable move for the digital asset, considering the significance of the $1.5 level in its overall price development pattern.
What to Expect From XRP
A confirmed break above this level could trigger a move to higher levels, especially with the potential realignment of external factors, such as the expectation that the US and Iran could renew negotiations about ending the war in the coming week.
According to the analyst’s prediction, a 127% XRP rally from the current price would see the cryptocurrency head close to its all-time high region. Achieving this could be the kick needed by the digital asset to aim for new frontiers and rekindle discussions about a move towards double-digit price targets.
Related: XRP Stalls Below $1.50 Despite Surging Network Activity
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