XRP climbed more than 12 percent in the first week of the new year, reaching its highest level since mid November, supported by rising trading volume and strong inflows into spot ETFs.
As signs of recovery emerged across the crypto market, XRP stood out as one of the strongest performers. Market data show that XRP gained 12.34 percent over the past 24 hours, reaching the $2.40 level. This marks the highest price recorded since November 13.
Technical factors also played a key role in the rally. BTC Markets crypto analyst Rachael Lucas said XRP broke out to the upside from a falling wedge pattern and managed to hold above its 50 day moving average. According to Lucas, aggressive liquidations of short positions further accelerated the move, with more than $250 million in shorts closed within just one hour.
ETF activity added another layer of support. Kronos Research CIO Vincent Liu noted that XRP’s breakout above key resistance levels was accompanied by strong volume, while heavy inflows into spot ETFs boosted risk appetite. Data show that spot XRP ETFs recorded $46.1 million in net inflows on Monday, with daily trading volume reaching $72.15 million, the highest level since late November. Analysts suggest that sustained price action above the $2.28 to $2.32 range could allow the rally to extend further.
