XRP jumps 11% to nearly $2.40 as spot ETFs post record volumes

XRP surged as much as 11% on Tuesday to around $2.38, nearing $2.40, extending an early-2026 rally as traders pointed to heavy institutional volumes and a tightening pool of tokens available on exchanges.

The token’s move broke through a resistance band that had capped gains for weeks and came on one of XRP’s strongest volume bursts since mid-December, CoinDesk market data shows. Spot XRP ETFs in the U.S. posted $48 million in inflows on Monday and have not seen a single day of outflows since their Nov. 13 launch. Several of the products recorded their largest single-day trading volumes on Monday, pushing cumulative inflows past $1 billion in less than two months.

On-chain data shows XRP held on exchanges has fallen to multi-year lows, which traders often read as a sign that fewer tokens are sitting idle and ready to be sold into rallies. The rally also builds on a shift in market sentiment that began late last week, with traders saying the U.S. regulatory environment appears more constructive after SEC Commissioner Caroline Crenshaw’s exit and amid talk of market structure legislation expected to move in January.

The key question now is whether XRP can hold above the former resistance zone around $2.28 to $2.32. If it does, market participants may start looking higher rather than treating the move as another quick spike.

Key Topics

Crypto, Xrp, Spot Xrp Etfs, Ripple, Caroline Crenshaw, Sec