XRP Funding Covers April’s Hidden Buying Push: Next 100% Increase?
Similar XRP funding conditions were advanced by about 50% in August and September 2024, and about 100% in April 2025.
XRP (XRP) funding rates on Binance are mirroring the behavior seen before the sharp price correction from 2024.
Main Receptors:
Negative funding from late 2024 has led to a short-term squeeze.
Binance's funding rates have remained largely negative over the past two months. That meant that many leveraged traders had to pay to keep their short positions open as the price of XRP fell.
The bearish consensus among exchange traders was formed in July 2025 after the spot price of XRP fell by approximately 50% from the spot price established in July 2025. But according to chain analyst Darkfost, this could hurt the bears in the coming weeks.
Related: These three XRP charts suggest a rally near $2.80
The analyst cites a period of constant liquidity starting in 2024, each of which has resulted in significant price returns. This includes BTC's 50% increase in August-September 2025 and over 100% gain in April-July 2025, as described below.
“A build-up of shorts creates short-term selling pressure, but latent buying pressure,” writes Darkfost.
“If the price starts to rise, these positions can be liquidated, which will stimulate the upward movement.”
XRP bulls should return to the $2 level as support
Since January, XRP has recovered somewhat after retesting the year's sideways channel trend lows, aligning with the $1.80-$2.00 support area.
It was the same zone that served as the trigger for the 100% rally to $3.66 in April 2025.
Meanwhile, the $2 level remains a key psychological line for XRP in the short to medium term.
In an earlier analysis, Glassnode found that each attempt at $2 was associated with weekly losses of $500 million to $1.2 billion starting in early 2025, suggesting that many owners used those moves to exit and cut their losses rather than risk exposure.
From a technical point of view, XRP bears are looking to pull the price towards the 200-week exponential moving average (200-week EMA blue wave) at about $1.40 if they fail to recover the 50-week EMA (red wave) at $2.22 as support.
Darkfost's thesis of “hidden-buying-pressure” will materially weaken if XRP price decisively loses the $1.80–$2.00 support zone.
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