XRP extended its strong early-2026 performance this week, climbing over 12% in the past 24 hours to trade near $2.4, according to data from Tradingview. The move brought XRP to its highest level since mid-November and built on a multi-day rally that has seen the token gain about 31% over the past week.
The latest spike coincided with surging inflows into newly launched spot XRP exchange-traded funds (ETFs) and a string of technical indicators that have strengthened bullish sentiment around the token. A combination of short liquidations, heavy institutional participation, and rising futures open interest served as primary catalysts.
ETF inflows reflect growing institutional appetite
Data from SoSoValue showed that U.S.-listed spot XRP ETFs logged $46.1 million in net inflows on Monday, which marks their strongest single-day intake in nearly five weeks. Total daily trading volume for the ETFs also reached $72.15 million, ranking as the second-highest level since late November.
Kronos Research CIO Vincent Liu noted that XRP’s move came on strong volume as the token broke through key resistance zones.
“XRP ETFs saw strong inflows as investors positioned for renewed payment adoption narratives,” Liu said. “XRP's liquidity makes it a clean vehicle for expressing directional risk.”
Monday’s data extended an already impressive streak. Since the launch of the first XRP ETFs on Nov. 13, cumulative net inflows have surpassed $1.2 billion, supported by consistent demand from institutional investors. Several ETF products notched their largest-ever single-day trading volumes this week, which highlights the strength of the current inflow trend.
BTC Markets analyst Rachael Lucas said the demand trajectory remains underpinned by broader themes that go beyond short-term speculation.
“This steady demand is rooted in a few clear drivers: renewed regulatory clarity post Ripple SEC settlement, interest in XRP’s role in cross-border payments, and visibility from long-term institutional investors seeking diversified exposure beyond just BTC and ETH,” Lucas noted.
Technical setup and derivatives data point to extended rally potential
From a technical perspective, analysts have identified a confirmed breakout from a falling wedge pattern that began forming in October 2025.
“We recently saw a breakout from a falling wedge pattern, with the price sustaining above its 50-day moving average, classic markers for positive momentum,” Lucas said.
She added that more than $250 million worth of short positions were liquidated within an hour during the rally, fueling rapid upside pressure.
CoinGlass data showed that open interest in XRP futures expanded by 21% in the last 24 hours to reach $4.65 billion. Rising open interest alongside price gains typically signals new capital entering the market, suggesting strong conviction among leveraged traders rather than simple short covering.
On-chain metrics show that the amount of XRP held on exchanges has dropped to its lowest level in years, which eases selling pressure in the short term. That dynamic, combined with sustained ETF buying, has created a supply squeeze that amplifies price reactions to modest demand shifts.
Market sentiment and broader crypto recovery
XRP’s rally has unfolded against the backdrop of a wider market recovery. Bitcoin has gained 7.4% in the past week, trading at $93,719, while Ether rose 9.3% to around $3,225. The GMCI 30 index, which tracks the 30 largest cryptocurrencies, has climbed 12.33% over the past week.
At press time, the Crypto Fear and Greed Index stood at 44, still in the fear zone but showing a clear rebound. Improved sentiment has encouraged traders to rotate from Bitcoin into large-cap altcoins like XRP, which are now central to early-2026 momentum trades.
In the near term, we are watching whether XRP can sustain levels above its previous resistance band of $2.28 to $2.32. Holding that range could solidify its breakout and open the path toward the next psychological resistance around $2.80.
Oleksii Shumak
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