XRP (XRP) is having a good week. The cryptocurrency has jumped roughly 15% over the past seven days, outpacing both Bitcoin (BTC) and Ethereum (ETH) as digital assets kick off 2026 with renewed energy.

Here's where things stand: XRP is trading at $2.13 with a market cap of $129.4 billion and a seven-day gain of 14.8%. Bitcoin, for comparison, is up 7.3% to $93,101.52 with a $1.85 trillion market cap, while Ethereum has climbed 9% to $3,178.36 with a $383.6 billion valuation.

Technical Outlook: Bullish, But Don't Get Too Excited

Trader CrediBULL Crypto notes that XRP is forming a bullish lower-timeframe triple-tap pattern, which suggests short-term dips remain buyable opportunities. The price is targeting local range highs near $2.30 in the near term.

But here's the caveat: this 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 actually represent a strong long-term buying opportunity if it materializes.

Cryptoinsightuk takes a bullish but measured view. On the weekly chart, XRP's RSI has flipped bullish—a signal that has historically preceded rallies ranging from 50% to more than 500%. However, this setup still requires one additional positive weekly close for confirmation.

In the shorter term, four-hour and hourly indicators show XRP is overbought, making a pullback toward the $1.90–$1.95 area both 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.

The Numbers Behind the Move

XRP spot ETFs recorded $13.6 million in daily net inflows as of Jan. 2, bringing total net assets to $1.4 billion, according to SoSoValue data.

Meanwhile, Coinglass data shows XRP liquidations totaled $10.2 million, with $7.6 million coming from short liquidations. That's a sign of forced short covering amid the sharp price spike—basically, traders betting against XRP got squeezed out of their positions as the price climbed.