XRP surges by 11%, approaching $2.40, as ETFs associated with Ripple experience record trading volumes

XRP Surges Past $2.30 Amid Strong Institutional Activity

XRP soared close to $2.40 on Tuesday, continuing its impressive rally into early 2026. This surge was fueled by significant institutional trading and a dwindling supply of tokens available on exchanges.

Over the past 24 hours, XRP climbed by as much as 11%, reaching approximately $2.38 and surpassing a resistance level that had limited its growth for several weeks. According to market data, this price jump was accompanied by one of the highest trading volumes seen since mid-December.

ETF Inflows Boost Momentum

One major factor behind the rally is the influx of capital into spot XRP ETFs in the United States. On Monday alone, these funds attracted $48 million in new investments, continuing a streak of positive inflows since their launch on November 13. Notably, there has not been a single day of net outflows for these products.

Several ETFs recorded their highest single-day trading volumes on Monday, pushing total inflows past $1 billion in under two months.

Exchange Supply Hits Multi-Year Lows

Recent on-chain data reveals that the amount of XRP held on exchanges has dropped to levels not seen in years. This reduction means fewer tokens are available for immediate sale, making it easier for even modest buying interest to drive prices higher.

Shifting Market Sentiment

The ongoing rally is also supported by a broader improvement in market sentiment that began late last week. Many traders are optimistic about a more favorable regulatory landscape in the U.S., especially following the departure of SEC Commissioner Caroline Crenshaw and ongoing discussions about new market structure legislation expected to advance in January.

After years of legal uncertainty, XRP has emerged as a clear beneficiary of this more positive outlook.

Looking Ahead: Can XRP Sustain Its Gains?

Currently, the rally appears to be self-reinforcing, as breaking through key resistance levels often prompts additional buying from traders waiting for confirmation. This is particularly true in an environment where bitcoin remains stable and attention is shifting to major alternative cryptocurrencies.

The crucial test for XRP will be whether it can maintain its position above the previous resistance range of $2.28 to $2.32. If it does, the market may begin to anticipate further gains rather than viewing the move as a short-lived spike.