XRP Sees Renewed Bullish Momentum: An Analyst Identifies Why
XRP is experiencing a price turnaround reflected in its price action over the past month.An analyst identified an improved funding rate as a signal for XRPs potential turnaround.Technical indicators suggest XRP is in a neutral zone and could trend either way. According to TradingView data, XRP‘s bearish momentum has faded over the past month, since the cryptocurrency declined to $1.0072, marking its lowest price since November 2024. The altcoin’s trend throughout July 2026 reflected the formation of higher lows, suggesting an exhaustion of the bearish pressure. What Does XRPs Funding Rate Say? Besides XRPs price action, crypto analysts have identified other elements indicating an improvement in the crypto assets bullish momentum. According to a CryptoQuant expert, the funding rate data for XRP contracts on Binance indicates a return of positive momentum in the perpetual contracts market. The expert based his analysis on XRP‘s recent price behavior, particularly since the second half of July. He noted that the cryptocurrency’s funding rate reached approximately 0.00138, while the 30-day Z-Score registered 0.21, reflecting a slight move above its recent average. According to him, the funding rate declined sharply into negative territory ahead of the current reading, suggesting a temporary shift in traders positioning toward short positions. The funding









