
XRP is showing renewed strength as trading volume surges and network activity accelerates, signaling a potential shift in market sentiment. This article examines the latest developments driving XRP’s momentum, including on-chain metrics, market structure, and institutional interest.
On February 15, 2026, XRP surged 7.42% to reach $1.51, breaking through the critical $1.50 resistance level. This move was accompanied by a robust 24-hour trading volume of approximately $2.29 billion, underscoring heightened market participation .
Simultaneously, open interest rose 8.32% to $2.52 billion, indicating that new capital is entering the market rather than merely covering existing positions . The combination of rising price and open interest suggests genuine bullish conviction among traders.
The recent rally was largely fueled by a short squeeze. Over the past 24 hours, short liquidations accounted for 82% of total liquidations—$3.54 million out of $4.31 million—creating upward pressure as forced exits triggered further buying .
Additionally, the funding rate on Binance perpetual contracts hit a 10-month low of –0.028%, indicating that short positions were heavily crowded and vulnerable to reversal .
XRP Ledger’s daily transaction count reached an all-time high of over 2 million on February 10, 2026, signaling robust on-chain activity and growing utility .
Supporting this institutional momentum, Ripple activated the XLS‑85 amendment, enhancing escrow functionality and enabling better token vesting and settlement capabilities—critical features for enterprise deployment .
Despite February’s sharp downturn—XRP is on track for its fifth consecutive monthly loss—whale wallets holding between 10 million and 100 million XRP have quietly accumulated 3.17 billion tokens since October 2025. This accumulation occurred even as realized losses hit a 39-month high, suggesting smart-money accumulation during retail capitulation .
The technical setup remains constructive. XRP’s RSI hovers near 60, indicating bullish momentum with room for further upside . Support is consolidating around $1.30, while resistance lies near $1.70–$1.80 .
The funding rate’s extreme negative reading and the short squeeze dynamics reinforce the bullish technical narrative.
The convergence of rising price, expanding open interest, a short squeeze, and institutional on-chain activity points to a meaningful shift in XRP’s market structure. The short squeeze indicates forced buying, while whale accumulation suggests strategic positioning for a rebound. The network’s high transaction volume and institutional-grade upgrades further reinforce XRP’s growing utility.
However, broader crypto market weakness remains a risk. A failure to sustain above $1.50–$1.55 could lead to renewed pressure, especially if Bitcoin or macro sentiment deteriorates.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments carry significant risk, including the possibility of total loss. Past performance does not guarantee future results. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
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