XRP price breaks to $2.4: can bulls push prices even higher?

Source: CryptoNewsNet Original Title: XRP price breaks to $2.4: can bulls push prices even higher? Original Link: https://cryptonews.net/news/analytics/32235517/

Price Surge

XRP, the cryptocurrency token of Ripple, has experienced a remarkable double-digit surge, with the price climbing to $2.4 as of January 6, 2026.

This rally might not only boost investor confidence but also spark renewed speculation amid the return of the “Ripple Army”—a fervent community of supporters that has long championed XRP’s potential and helped push prices to near a new all-time high.

The surge began late last week, with XRP trading at around $1.95 on January 2, 2026, before gaining momentum over the weekend. By early Tuesday, the token had risen over 23% in the past week.

Over 24 hours, the price was up 11% and saw an intraday peak of $2.4. This move accelerated during the Asian trading session, with trading volumes surpassing $8.25 billion—a 138% increase within this period.

The double-digit increase in price pushed XRP’s market capitalisation beyond $140 billion. XRP remains the fourth-largest cryptocurrency by market value, behind Bitcoin, Ethereum, and Tether.

Bullish Catalysts

Analysts say the rally reflects a combination of supportive factors, led by a broader upswing across the cryptocurrency market. Improving sentiment has been reinforced by renewed inflows into crypto-linked spot exchange-traded funds.

Bitcoin-backed ETFs recorded net inflows on Monday, ending a recent run of outflows and signalling a shift in short-term positioning. At the same time, spot ETFs tied to Ripple have continued to attract fresh capital, extending a streak of net inflows that has been in place since their launch in November 2025.

Bitcoin’s rally to above $94,000 means it could eye $100,000 next. If this happens, an overall bounce with more capital could flow into altcoins like XRP will follow.

Significantly, bullish sentiment has also emerged amid Ripple’s expansion.

Technical Outlook

XRP’s trajectory hinges on several key developments, with optimists pointing to continued interest in XRP exchange-traded fund (ETF) as a marker.

The technical picture signals a potential breakout to $4 or higher in the short term. Immediate resistance is at $2.8, and the $3.8 peak hovers large for bulls.

If upside momentum fails, support levels are around $2.0 and $1.8.

Volatility, however, is inherent in crypto markets. Macroeconomic conditions and any adverse regulatory shifts also remain key headwinds for the asset’s trajectory.