XRP Rockets +24% Today Why Ripple (XRP) is Surging on Binance Quick Analysis.
XRP/USDT on Binance just exploded +24.13% in 24 hours to $1.4546, hitting a high of $1.5442 with massive volume 793.69M XRP traded + $1.06B USDT
Why the huge surge right now?
Real drivers on February 6, 2026
Short Squeeze & Oversold Rebound XRP dipped hard to $1.11-1.12 (lowest since Nov 2024), entering deeply oversold territory triggered massive short covering (short squeeze) and bargain buying. Volume exploded as traders piled in for the recovery.
Institutional Demand & ETF Inflows Spot XRP ETFs (launched Nov 2025) have pulled in $1.37B cumulative inflows with long no outflow streaks strong institutional rotation into XRP amid regulatory clarity post SEC settlement (Aug 2025).
Technical Breakout Strong Price rebounded from lows $1.11, with bullish EMA cross (25/50/100), expanding Bollinger Bands, and huge volume spike. Momentum clearly upward after Jan/Feb dips.
Broader Catalysts Whale accumulation (1,389 large txns recently), XRPL wallet growth (+500k new addresses), RLUSD stablecoin traction ($1.3B cap), and predictions like Standard Chartered's $8 by end 2026 from ETF/RLUSD adoption.
Quick technicals from the chart
Strong rebound above key support $1.20-1.30, now testing resistance $1.46-1.55.
EMAs aligned bullish, price riding upper Bollinger momentum strong.
RSI heating but room left; watch hold above $1.40 for continuation.
Short-term outlook
Bullish if holds $1.40+ Could push to $1.60-1.70+ (next fib/resistance) or higher with continued inflows/squeeze.
Risks High volatility (post-squeeze pullbacks common), profit-taking after +24%, or broader market dip. XRP has strong payments utility, but macro sensitive
What do you think More upside to $2+, or quick retrace? Share charts/thoughts below
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are extremely volatile and risky. The author may hold positions in mentioned assets. Always conduct thorough research and never invest more than you can afford to lose.
