The cryptocurrency market is already in full swing at the start of 2026. Bitcoin and Ethereum are steadily rising, but the real winner is none other than XRP — this guy is definitely in the spotlight today.

Data speaks: XRP surged 12.34% in 24 hours, with the price directly hitting $2.4, the highest since November 13 of last year. Such a fierce increase must have a logical explanation behind it.

From a technical perspective, XRP completed a classic falling wedge breakout, successfully breaking through the 50-day moving average. This combination of signals is considered a bullish indicator by technical analysts. When the K-line breaks out accompanied by a surge in trading volume, it’s usually a prelude to short-term explosive movement.

Even more impressive is the defeat of the bears. The rapid price rally triggered a large number of XRP short positions to be forcibly liquidated, with the total liquidation amount on the entire network reaching $250 million within just one hour. This indicates that buying pressure chasing the price and short covering are working together, creating a strong upward momentum.

In simple terms, when technical breakout signals are confirmed by volume and supported by institutional funds, XRP’s recent movement is hard to ignore. Short-term volatility will definitely be high, but fundamentally, the bulls have indeed taken the initiative.