XRP has risen 12.34% over the past 24 hours and is now trading at $2.40, its highest level since November 13, 2025.
According to analysts, XRP's price rise is driven by a combination of technical and fundamental factors.
We recently saw a breakout from a descending wedge pattern, with the price holding above the 50-day moving average, classic indicators of positive momentum. At the same time, short positions on XRP were aggressively liquidated, with over $250 million withdrawn in an hour.
"This is clear evidence that aggressive buying and short-covering are fueling the rapid rally," said BTC Markets crypto analyst Rachel Lucas.
Kronos Research CIO Vincent Liu also noted that XRP rose significantly on heavy trading volume after breaking through key resistance levels. The analyst added that significant inflows into XRP funds contributed to the altcoin's rise. The XRP ETF saw significant inflows as investors prepared for renewed talk of payments adoption. "XRP's liquidity makes it a suitable instrument for expressing directional risk," Liu said.
According to SoSoValue, net inflows into spot XRP ETFs on Monday, January 5, were $46.1 million, the highest since December 3, 2025. Total daily trading volume reached $72.15 million, the second-highest ever.