New York, Jan 6, 2026, 13:46 EST — Regular session
- XRP dipped 0.4% to $2.25 after touching $2.41 earlier; GXRP shares fell about 3%
- Morgan Stanley filed for bitcoin and solana ETFs, highlighting Wall Street’s push deeper into crypto products
- Traders are watching Fed chair succession, U.S. inflation data on Jan. 13 and the Fed’s late-January meeting
XRP edged lower on Tuesday, slipping 0.4% to $2.25 after climbing as high as $2.41 earlier in New York trading. Grayscale’s XRP Trust ETF (GXRP) fell about 3% to $43.57, while bitcoin slid roughly 2% and ether rose about 0.7%.
The moves are keeping attention on how much demand is coming through exchange-traded products rather than crypto venues. GXRP, which trades on NYSE Arca, had about $284.5 million in assets under management as of Monday and is waiving its sponsor fee through Feb. 24 or until it reaches $1 billion, Grayscale’s product page showed. 1
That ETF narrative widened on Tuesday after Morgan Stanley filed with the U.S. Securities and Exchange Commission to launch ETFs tied to bitcoin and solana, Reuters reported. “A bank entering the crypto ETF market adds legitimacy to it, and others could follow,” said Bryan Armour, an ETF analyst at Morningstar. 2
XRP’s dip followed a sharp prior-session rise. The token jumped 10% on Monday to $2.3012, lifting its market value to about $138 billion, according to Investing.com. XRP is still about 37% below its record high of $3.66 set in July 2025, the website said. 3
For traders, the near-term focus is whether XRP can hold the $2.20 area and challenge the $2.40 level again after this week’s swings. GXRP can also trade with a different rhythm from the token because it is confined to U.S. stock-market hours.
But the setup is exposed to a quick shift in risk appetite, with crypto prices still prone to sharp moves on policy headlines and liquidity changes. A pullback in ETF demand or a broader selloff in tech-linked risk assets would test the rally’s durability.
Macro policy is another wildcard, with markets bracing for Fed leadership changes. Reuters highlighted the nomination of a new Federal Reserve chair in early January, with Jerome Powell’s term expiring in May, and noted that crypto’s tight link to tech shares can amplify day-to-day volatility. “Cryptocurrencies remain a high-risk segment and a strong correlation with tech shares should keep volatility elevated,” Swissquote Bank senior analyst Ipek Ozkardeskaya said. 4
Next up, traders will look to U.S. consumer price inflation data on Jan. 13, the Fed’s Beige Book on Jan. 14 and the central bank’s Jan. 27–28 policy meeting for signals on rates that can spill into crypto demand.
