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This article was first published on The Bit Journal.
XRP jumped toward $2.40 on Jan. 6, 2026, after a brisk run from the low $2 area earlier in the week. The move lined up with a burst of activity in U.S.-listed spot XRP exchange-traded funds, which saw their busiest trading day since launching in November, taking total traded volume to about $1.65B.
Another market update pointed to roughly $48M in daily inflows, pushing cumulative inflows past $1B since the November debut. That is demand showing up through a regulated wrapper.
Leverage helped magnify the candle. As XRP pressed higher, more than $30M in short liquidations were recorded, meaning positions betting on a drop were forced to buy back into strength. That dynamic can lift price faster than spot buying alone, but it also means the market needs follow-through once the squeeze is largely spent.
Daily data shows XRP around $2.3959 on Jan. 6, with an open near $2.3482, a high of $2.4153, and a low of $2.3172. Reported daily volume was about 757.36M. The $0.0981 intraday range underlined elevated volatility as buyers and sellers fought around the highs. The climb was also compressed into a few sessions: the price data shows $2.0064 on Jan. 2, $2.0179 on Jan. 3, $2.0914 on Jan. 4, and $2.3482 on Jan. 5 before the push into the $2.40 area.
Broader market metrics showed elevated derivatives turnover, with futures volume around $12.52B and open interest near $4.67B.
| Metric | Level |
|---|---|
| Spot price (observed) | $2.3949 |
| 24h move (observed) | +12.68% |
| Day open | $2.3482 |
| Day high | $2.4153 |
| Day low | $2.3172 |
| Daily volume (reported) | 757.36M |
| First support zone | $2.32 to $2.35 |
| First resistance zone | $2.41 to $2.42 |
| Next round-number area | $2.50 (psychological) |
| Bigger psychological level | $2.00 |
This was not the kind of XRP rally that drifts higher on a quiet chart while everybody pretends it is normal. The buying had weight behind it, with unusually busy ETF trading and reported inflows creating the sense that real money was stepping in, not just fast hands chasing a candle.
When that happens, pullbacks often get treated like a checkout line instead of a warning sign, because sidelined traders suddenly want in at any “reasonable” price. Still, markets have a habit of sobering up after a sprint, so the next few sessions matter: if XRP can keep holding the $2.30s while turnover stays healthy, the move looks more like a shift in demand than a one-day spike.
The cleanest indicator is whether heavy flow persists. If ETF trading and spot turnover stay elevated, dips into $2.32 to $2.35 can attract buyers and keep structure intact. If volume fades while open interest stays high, the risk shifts toward a quick reset as leverage is reduced. A clean acceptance above $2.42 would improve momentum, while repeated failures near the highs can invite profit-taking.
Liquidations remain a useful pulse check. A rally built on forced buying often cools once the crowded shorts are cleared, so the next advance generally needs fresh spot demand, not just liquidations, to keep climbing.
XRP’s push toward $2.40 is not just a headline move. It is being supported by unusually active ETF trading, reported inflows, and a wave of short-covering that sped up the rally. Near term, $2.3172 is the key reference for support and $2.4153 is the first ceiling to beat. This is market commentary for informational purposes, not investment advice.
Why did XRP jump?
The price rise coincided with record ETF trading since the November launch and sizeable short liquidations that added forced buying.
Are ETF inflows important for price?
Inflows can matter because creations typically require sourcing the underlying asset, which can tighten available supply during strong demand.
What levels are traders focusing on?
The session low near $2.3172 is a support marker, while the session high near $2.4153 is the first resistance zone.
Spot ETF: A listed fund that tracks spot exposure through holdings.
Inflow: Net new money entering a fund.
Open interest: Outstanding derivatives contracts still open.
Liquidation: Forced close when margin is insufficient.
Support: Area where buying often appears.
Resistance: Area where selling often appears.
Read More: XRP rallies into $2.40 range as Ripple-linked ETF volume hits a new high">XRP rallies into $2.40 range as Ripple-linked ETF volume hits a new high
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