“When such a strong consensus forms, it is often a sign that a potential reversal may be developing,” — this was how analyst Darkfost commented on the current situation surrounding XRP. Moreover, he notes that on the Binance exchange, funding rates for the asset have remained bearish for nearly three months, marking the longest such stretch in recent history.

As the analyst said — “This can be tracked back to the events of April 2025, when a similar bearish sentiment among traders eventually triggered a rally that led to a 126% price advance.” In his view, the persistence of short positions amid a gradual market recovery often serves as fuel for a powerful upward move.

But experts also specified that a symmetrical triangle is forming on the XRP technical chart, with the price approaching its apex. This means a decisive breakout could occur as early as late May, and the direction of this move will depend on whether buyers can overcome resistance despite the ongoing pessimism from sellers.