XRP Price Breaks to $2.40: Can Bulls Push the Price Higher?
In early 2026, the price of XRP rose to $2.40 as altcoins rallied. Bulls may extend gains amid broader market rally. A number of incentives can fuel the Ripple Army.
Ripple's cryptocurrency token XRP experienced an impressive double-digit increase, rising to $2.4 at the time of writing on January 6, 2026.
This rally will not only boost investors' confidence, but also create new speculation during the return of the “Ripple Army”.
Last year, this strong community of fans, who had long supported XRP's potential, helped push prices to new all-time highs.
While the bullishness is fierce, regulatory hurdles and market demand for XRP investment products will provide new incentives for bulls.
XRP rose to $2.4.
The rally began late last week, before regaining momentum over the weekend when XRP traded at $1.95 on January 2, 2026.
As of early Tuesday, the token was up more than 23 percent in the past week.
Over 24 hours, the price increased by 11% and hit an intraday high of $2.4.
This move was accelerated by the Asian trading session, where trading volumes exceeded $8.25 billion – a 138% increase over this period.
The double-digit price increase pushed XRP's market capitalization past $140 billion.
XRP is the fourth largest cryptocurrency by market value after Bitcoin, Ethereum and Tether.
The price of XRP gets a lot of pressure
Analysts say the rally shows a combination of supportive factors led by a broader uptrend in the cryptocurrency market.
Improving sentiment was bolstered by renewed inflows into crypto-linked exchange-traded funds.
Bitcoin-backed ETFs recorded net inflows on Monday, ending recent outflows and signaling a reversal of short-term positions.
At the same time, Ripple-linked spot ETFs continue to attract new capital, expanding their net income stream since their launch in November 2025.
Just in: ETF clients buy $46.1 million in XRP, bringing total net assets held by the ETF to $1.65 billion. pic.twitter.com/iKOV2EYhOU
— Whale Insider (@WhaleInsider) January 6, 2026
Bitcoin's rally above $94,000 could see $100,000 next.
If this happens, a general boom with more capital into altcoins like XRP will follow.
Bullishness has also emerged amid Ripple's expansion.
What's next for XRP?
XRP's direction of travel hinges on several key developments, with optimists pointing to continued interest in the XRP exchange-traded fund (ETF) as a marker.
But volatility is inherent in crypto markets. Macroeconomic conditions and any adverse regulatory shifts remain key headwinds.
However, the technical chart shows that it could build to $4 or more in the short term.
Immediate resistance is at $2.8, and the $3.8 high is a big loom for the bulls.
If the uptrend fails, support levels are around $2.0 and $1.8.
The price of XRP is close to $2.34 at the time of publication.
