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. 1
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. 2
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. 3
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. 4
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.” 5
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. 6
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. 7
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. 8
