New York, Jan 6, 2026, 06:33 EST — Premarket
- XRP was last up about 10.6% in the past 24 hours, hitting an intraday high near $2.41.
- Traders pointed to steady demand tied to U.S.-listed spot XRP exchange-traded funds.
- The next tests include whether XRP holds above $2.30 and a run of U.S. macro data later this week.
XRP rose about 10.6% to $2.36 early Tuesday, lifting the Ripple-linked token to a 24-hour high around $2.41 as buyers extended a sharp start to 2026.
Why it matters now: XRP has led recent moves in major tokens as investors put fresh money to work through U.S.-listed spot XRP exchange-traded funds (ETFs) — stock-like vehicles designed to track the token’s price. Barron’s reported the funds took in $46 million of inflows on Monday, with no daily outflows since launch, citing CoinGlass and CoinDesk data.
The rally also lands at a moment when crypto is trading more like a high-beta risk asset than a hedge, leaving XRP sensitive to shifts in broader sentiment.
In the prior U.S. session, bitcoin climbed to its highest level since mid-November and XRP gained after breaking resistance on heavy volume, while crypto-linked shares such as Coinbase, Robinhood and Strategy posted solid advances, a CoinDesk report carried by KuCoin showed.
Wall Street’s push into regulated crypto products has also broadened. Morgan Stanley has filed with the U.S. Securities and Exchange Commission to launch ETFs linked to bitcoin and solana, a move that underscores the industry’s bid to channel demand through familiar market wrappers.
Spot XRP ETFs began trading in November, including Bitwise’s spot XRP ETF, which the company said would start trading on Nov. 20 under the ticker “XRP.” Bitwise Investments
Technically, traders have treated $2.00 as a “psychological” level — a round number that often acts as support or resistance because it clusters orders. Analyst Itai Smidt wrote on Investing.com that near-term support sat around $2.01–$2.03 and that resistance had been concentrated up to about $2.30, levels now in play as the market decides whether the breakout holds. Investing.com
But the trade is not one-way. “The true black swan, then, could lie elsewhere,” Swissquote Bank senior analyst Ipek Ozkardeskaya said, as Reuters flagged cryptocurrencies’ high-risk profile and their tendency to move alongside tech shares — a mix that can magnify drawdowns when macro nerves spike. Reuters
Investors now pivot to U.S. data with a track record of moving both rates and risk assets: the Employment Situation report is due Friday, Jan. 9 at 8:30 a.m. ET, followed by the Consumer Price Index for December 2025 on Tuesday, Jan. 13 at 8:30 a.m. ET.
