XRP has reached its highest level since November...🚀🚀
XRP captured a strong bullish momentum, leading the broad recovery in the crypto market in the first week of 2026. According to CoinMarketCap data, the fourth most valuable asset in the market rose to $2.3 with an increase of 9% in the last 24 hours, reaching the highest level since November 13. According to analysts, this strong rise of XRP is supported by a mixture of technical and fundamental factors.
BTC Markets crypto analyst Rachael Lucas said, “We've recently seen a break from the falling wedge pattern, and the price is above the 50-day moving average, the classic indicator of positive momentum. In addition, pointing out that the short XRP position worth $31.76 million was liquidated in the last 24 hours, Lucas added, "This is a clear proof that aggressive purchases and the closure of short positions triggered a rapid rise." The analyst stated that this move, combined with the increase in trading volume, is an "excellent recipe" for short-term volatility and strong rise. XRP ETFs moved On the other hand, Vincent Liu, CIO of Kronos Research, said that XRP rose significantly with strong volume after exceeding significant resistance levels. Liu added that the rise is further supported by inflows into spot XRP exchange-traded funds (ETFs), which increase risk appetite. According to SoSoValue data, spot XRP ETFs recorded the largest daily net entry since December 3, with a net inflow of $46.1 million on Monday. Total daily trading volumes reached $72.15 million, which is the highest level since November 24 and the second highest level overall. Since the launch of the first XRP ETF on November 13, the funds have recorded eight consecutive weeks of net inflow, reaching a total of $1.23 billion as of Monday. “This steady demand is based on a few clear factors: re-clarified regulations following the Ripple SEC agreement, interest in XRP's role in cross-border payments, and visibility of long-term institutional investors looking for diversified positions beyond just BTC and ETH,” Lucas of BTC Markets commented. $XRP {spot}(XRPUSDT)
🇨🇳#ElonMusk 'Impressed' With China, Says 'Beijing Does Everything He…'
Billionaire entrepreneur and Tesla CEO Elon Musk has said he is impressed by China’s rapid progress in electric vehicles, battery manufacturing and solar energy, joking that Beijing appears to be doing “everything he says.”
Speaking during the Moonshots podcast, Musk made the remarks while discussing energy usage, data centers and the growing power demands of artificial intelligence. In a lighter tone, he said China seems to follow ideas he has long advocated — or may simply be pursuing them independently.
⚡ Praise for EVs, Solar and Batteries
Musk praised China’s large-scale production of electric vehicles, its expansion of solar power plants, and its ability to manufacture high-capacity batteries at scale. He noted that these are areas he has repeatedly urged the United States to prioritize.
🔋 Batteries Key to Meeting AI-Era Energy Needs
Addressing how countries can meet rising energy demands driven by AI, Musk said energy storage is the most effective solution. He explained that while the US has a peak power generation capacity of around 1.1 terawatts, average usage is closer to 0.5 terawatts.
By charging batteries at night and discharging them during the day, Musk said, energy throughput could effectively double without building new power plants.
When asked if such batteries already exist, Musk replied affirmatively, pointing to Tesla’s Megapacks, utility-scale battery systems designed to stabilize power grids and prevent outages.
🏭 Megapacks in Action
According to reports, Musk’s AI company xAI has deployed 168 Megapacks to power its data center operations in South Memphis, Tennessee, underscoring the role of large-scale batteries in supporting next-generation infrastructure.
📌 Musk’s remarks highlight China’s growing dominance in clean energy manufacturing and debate over how the US should scale its energy systems in the AI era.