XRP Bulls Gain Momentum on Improved Technical Indicators

XRP bulls are gaining momentum as technical indicators improve and buyers return to the market without excessive leverage. Positive funding rates in perpetual futures markets indicate growing bullish sentiment, while the 30-day Z-Score has climbed back above zero, signaling improving momentum and the early stages of trend reversals.

According to Crypto Patel, the return of positive funding rates is a strong sign of improving market conditions. Unlike periods of excessive speculation, current funding levels remain relatively moderate, suggesting demand is strengthening in a healthier and more sustainable way.

The 30-day Z-Score has also climbed back above zero, indicating XRP is trading above its recent average after an extended period of consolidation. Historically, this shift has signaled improving momentum and the early stages of trend reversals.