XRP Rockets To Highest Level Seen Since Mid-November As Major Bank Projects Explosive $8 Breakout In 2026 ⋆ ZyCrypto

The price of XRP started 2026 on a strong footing, jumping above $2.4 on Tuesday, bolstered by strong trading volume, spot exchange-traded fund (ETF) flows, and a favorable U.S. regulatory environment.

Ripple’s XRP Leads Crypto Rally

XRP is staging a dramatic rally, leading gains in the broader crypto market.

According to CoinGecko data, XRP surged 11% in the last 24 hours to trade at $2.41— the highest price level since November 13. The strong surge came amid one of the token’s strongest spikes in volumes since mid-December after breaching past key resistance levels.

The rally was further buoyed by robust flows into U.S.-listed spot XRP ETFs, which heightened investors’ risk appetite.

Data from SoSoValue shows that spot XRP funds pulled in $47 million in investor money on Monday, marking the largest daily net inflow since December 3. The inflows extended a positive streak for the ETFs, which have not seen a single day of withdrawals since their November 13 debut despite volatile market conditions, underscoring resilient institutional demand. 

Their total daily trade volume hit $72 million — the highest level since November 24 and the second-highest overall. These sustained inflows indicate institutions are quietly absorbing XRP supply even as spot price action has been choppy.

Meanwhile, on-chain data indicates that XRP balances on exchanges have fallen to their lowest level since 2018, a sign that fewer tokens are sitting idle and ready to be liquidated by holders during rallies, reinforcing the upside potential for the token.

Pundits often suggest that a tightening of supply, alongside steady demand, is a bullish market setup that has historically preceded rapid price appreciation.

XRP Will Hit $8 In 2026?

Another key driver for XRP’s rally is the improving U.S. regulatory environment post-Ripple-SEC lawsuit settlement. As ZyCrypto recently reported, Caroline Crenshaw, the only Democratic member leading the U.S. Securities and Exchange Commission (SEC), departed earlier this week after serving over five years.

XRP, long suppressed by legal uncertainty, has been one of the most obvious beneficiaries of the latest change at the SEC.

Notably, British multinational bank Standard Chartered has predicted that XRP could skyrocket to the highly-anticipated $8 milestone in 2026, owing to continued institutional participation and regulatory clarity.