XRP jumps 9% as Bitcoin nears $95,000 high

XRP rose about 9% on Monday, leading crypto gains as bitcoin climbed to its highest level since mid-November, reaching roughly $94,400 and bringing it closer to the $95,000 mark during the trading session.

Bitcoin gained more than 3% in the session, its largest percentage advance in over a month. XRP, after breaking key resistance overnight, added to its move during U.S. trading and rose to just shy of $2.32, its strongest level since mid-November.

Crypto-related stocks were sharply higher: Coinbase was up nearly 9% after receiving an upgrade to buy from Goldman Sachs, MicroStrategy and Robinhood rose about 5% and 6%, respectively, while Bakkt jumped 30%, Figure gained 20% and miner Hut 8 advanced 15%, nearly reaching $60 per share — with the stock's (split-adjusted) 2021 record high of $76 noted as a reference.

FXTM senior market analyst Lukman Otunuga said bitcoin may be poised for a comeback in 2026 as falling interest rates and a thinning supply of actively traded BTC could support prices, with long-term holders keeping coins off exchanges. He warned, however, that new U.S. tax reporting requirements and regulatory decisions remain risks, and that a sustained move above $100,000 could revive record-high ambitions while a drop below that threshold could leave bitcoin vulnerable, with support near $77,500 and $54,000, the analyst said.

Key Topics

Crypto, Xrp, Bitcoin, Coinbase, Microstrategy, Bakkt