XRP price forms key bullish reversal pattern as weighted funding rate turns negative

XRP price is forming a bullish reversal pattern over the past three weeks, with the token falling 4% to $1.38. The weighted funding rate has turned negative, which could indicate a potential sharp rebound if the pattern is confirmed.

• →XRP price has declined 4% to $1.38 while forming a potential bullish reversal pattern.
• →The pattern has been developing over the past three weeks.
• →Weighted funding rate has turned negative, which is typically a bullish indicator.
• →Pattern confirmation could lead to a sharp price rebound.
• →Current technical setup suggests oversold conditions may be creating reversal opportunity.