XRP (CRYPTO: XRP) has gained about 15% over the past week as cryptocurrencies are kicking off 2026 strong.
Trader Notes: CrediBULL Crypto said XRP is forming a bullish lower-timeframe triple-tap pattern, suggesting short-term pullbacks remain buyable, with price targeting local range highs near $2.30.
However, he cautioned that the move likely represents a lower-timeframe bounce rather than confirmation that the broader, months-long correction has ended.
CrediBULL added that a retest of the higher-timeframe demand zone around $1.60 remains possible and would represent a strong long-term buying opportunity.
Cryptoinsightuk offered a bullish but measured outlook.
On the weekly chart, XRP's RSI has flipped bullish—a signal that has historically preceded rallies of 50% to more than 500% but still requires one additional positive weekly close for confirmation.
In the near term, four-hour and hourly indicators show XRP is overbought, making a pullback toward the $1.90–$1.95 area likely and healthy without invalidating the broader bullish setup.
Key resistance levels sit at $2.26–$2.30, followed by the critical $2.60–$2.70 zone.
A reclaim of this October liquidation area could trigger a rapid move toward $4.30 or higher, driven by overhead liquidity and potential short squeezes.
Statistics: SoSoValue data shows XRP spot ETFs recorded $13.6 million in daily net inflows, bringing total net assets to $1.4 billion as of Jan. 2.
Coinglass data indicates XRP liquidations totaled $10.2 million, with $7.6 million from short liquidations, signaling forced short covering amid the sharp price spike.
Read Next:
Image: Shutterstock
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
