Is XRP Repeating A Setup That Once Led To 126% Rally? This Analyst Thinks So
The altcoin market has been one of many main losers on this bear market, with large-cap cryptocurrencies like XRP, BNB, and Solana taking a major share of the losses. In truth, TradingView knowledge reveals that the TOTAL3 index (representing the crypto market capitalization, excluding BTC, ETH, and stablecoins) has fallen by greater than $544 billion throughout this bear market correction.
As highlighted by a well-liked pseudonymous analyst, this dynamic appears to be altering, with capital repositioning since early February (and the TOTAL3 market cap surging by about $125 billion in that interval). According to the crypto pundit, XRP is among the altcoins to regulate in the course of the ongoing market shift.
Is A Return To $3.12 Possible For XRP In 2026?
In a Quicktake publish on the CryptoQuant platform, crypto analyst Darkfost explained that, regardless of the bettering dynamics, a number of traders are nonetheless betting in opposition to the altcoin market for the time being. This pattern is obvious within the XRP Funding Rates metric, which is at the moment experiencing its longest and most detrimental run in years.
The Funding Rates metric measures the periodic payment exchanged between merchants within the derivatives marketplace for a specific cryptocurrency (XRP, on this case). A detrimental funding price means that brief merchants are dominating the market and betting in opposition to the asset’s value, capturing an total bearish sentiment.
Darkfost wrote within the Quicktake publish:
Here, funding charges are aggregated over a 30 day interval with a purpose to higher seize the prevailing sentiment amongst derivatives merchants.
Darkfost revealed that the XRP Funding Rates on Binance, the world’s largest cryptocurrency change by buying and selling quantity, have remained detrimental for the previous three months. This has been the case regardless of the altcoin’s value rising by greater than 27% over the identical interval.
According to the on-chain analyst, a powerful setup like this, particularly after such a deep correction because the 50% drop in 2026 Q1, may very well be a sign {that a} potential reversal is on the horizon for XRP. Darkfost highlighted that this situation has performed out up to now (as not too long ago as April 2025), when the altcoin’s value fell to round $1.95, earlier than a bullish restoration that sparked a 126% rally.
If history were to repeat itself, the present Funding Rates setup may see XRP’s worth greater than double over the following few months. A 126% transfer from the present value level would see the altcoin reclaim the $3.2 mark.
XRP Price At A Glance
As of this writing, the value of XRP is round $1.42, with no vital motion up to now 24 hours. According to knowledge from TradingView, the cryptocurrency is up by greater than 2% up to now seven days.