- XRP price climbs to $2.40 as altcoins surge in early 2026
- Bull market may extend gains amid broad market momentum
- Several catalysts could support a renewed wave rally
XRP, the native token of Ripple, surged into double-digit territory, reaching $2.40 as of the time of writing on January 6, 2026.
The rally may not only boost investor confidence but also ignite renewed speculation as supporters talk of a “wave army” comeback.
Over the past year, an active community of long-term XRP proponents has helped propel the token toward fresh all-time highs.
Despite earlier setbacks, overcoming regulatory hurdles and growing market demand for XRP investment products have provided fresh catalysts for the bullish case.
XRP surges to $2.40
The uptrend began late last week, with XRP trading around $1.95 on January 2, 2026, before receiving further momentum over the weekend.
By early Tuesday the token had climbed more than 23% for the week.
Over 24 hours, the price rose about 11% and peaked near $2.40 during intraday trading.
The move accelerated during Asian trading hours as volume topped $8.25 billion, a 138% increase over the same period.
The jump into double-digit price territory pushed XRP’s market capitalization past $140 billion.
XRP remains the fourth-largest cryptocurrency by market value, behind Bitcoin, Ethereum and Tether.
Upward drivers for XRP price
Analysts say the rally reflects a combination of supportive factors, led by a broad-based upswing across the cryptocurrency market.
The improving sentiment has been reinforced by fresh inflows into spot crypto exchange-traded funds (ETFs).
Bitcoin-backed ETFs recorded net inflows on Monday, reversing recent outflows and indicating a short-term shift in positioning.
Meanwhile, spot ETFs tied to Ripple have continued to attract new capital, extending net inflows since their launch in November 2025.
JUST IN: ETF clients buy $46.1 million worth of $XRP, bringing total ETF-held net assets to $1.65 billion. pic.twitter.com/iKOV2EYhOU
— Whale Insider (@WhaleInsider) January 6, 2026
The recent Bitcoin rally above $94,000 keeps $100,000 in view.
If Bitcoin reaches that milestone, increased capital flows into the market could spill over into altcoins like XRP.
Optimism in the bull market also coincides with strategic expansion by Ripple.
What’s next for XRP?
XRP’s trajectory will depend on several key developments. Bulls point to sustained interest in XRP ETFs as a positive signal.
That said, crypto markets remain volatile, and unfavorable macroeconomic conditions or regulatory changes are important downside risks.
Technically, charts suggest the possibility of a breakout toward $4 or higher in the short term.
Immediate resistance sits at $2.80, with a more significant challenge around $3.80 for bulls to overcome.
On the downside, support levels are roughly $2.00 and $1.80 if upward momentum falters.
At the time of reporting, XRP was trading near $2.34.