XRP started the week with a strong upward move. Over the last 24 hours, the Ripple price has risen by around 12%, briefly reaching $2.40 before stabilizing near $2.38.
As a result, XRP has reached its highest level since November 13, 2025. The token remains about 34.6% below its all-time high of $3.65. The rally was accompanied by a noticeable increase in trading volumes and a broader recovery across the crypto market at the start of the new year.
Market participants attribute the move to a combination of technical and fundamental factors. Rachael Lucas, crypto analyst at BTC Markets, told The Block that the price has broken out of a descending triangle while holding above the 50-day moving average. Additional upside momentum came from the liquidation of more than $250 million in short positions within a short period, which intensified upward price pressure.
Further support came from spot XRP ETFs. According to SoSoValue data, these products recorded net inflows of $46.1 million on Monday — the highest daily figure since early December. Total trading volume across the products exceeded $72 million.
Vincent Liu, Chief Investment Officer at Kronos Research, noted that XRP ETFs are benefiting from renewed interest in payment-focused use cases and provide a liquid vehicle for managing market risk. Since the launch of the first XRP ETF in mid-November, capital inflows have been recorded for eight consecutive weeks.
Trader @spacexfile compares the current chart setup with 2016. According to him, if history repeats itself, 2026 could become a pivotal year for XRP and enter market history. Back then, as now, the token experienced a sharp multi-week rally.
