XRP price breaks to $2.4: can bulls push prices even higher?

• XRP price rose to $2.40 as altcoins rally in early 2026.
• Bulls could extend gains amid broader market momentum.
• Several catalysts might bolster the Ripple Army.

XRP, the cryptocurrency token of Ripple, has experienced a remarkable double-digit surge, with the price climbing to $2.4 as of writing on January 6, 2026.

This rally might not only boost investor confidence but also spark renewed speculation amid the return of the “Ripple Army”.

In the past year, this fervent community of supporters that has long championed XRP’s potential, helped push prices to near a new all-time high.

While the dip has been brutal, surmounting regulatory hurdles and market demand for XRP investment products offer fresh catalysts for bulls.

XRP soars to $2.4

The surge began late last week, with XRP trading at around $1.95 on January 2, 2026, before gaining momentum over the weekend.

By early Tuesday, the token had risen over 23% in the past week.

Over 24 hours, the price was up 11% and saw an intraday peak of $2.4.

This move accelerated during the Asian trading session, with trading volumes surpassing $8.25 billion — a 138% increase within this period.

The double-digit increase in price pushed XRP’s market capitalisation beyond $140 billion.

XRP remains the fourth-largest cryptocurrency by market value, behind Bitcoin, Ethereum, and Tether.

XRP price gets bullish push

Analysts say the rally reflects a combination of supportive factors, led by a broader upswing across the cryptocurrency market.

Improving sentiment has been reinforced by renewed inflows into crypto-linked spot exchange-traded funds.

Bitcoin-backed ETFs recorded net inflows on Monday, ending a recent run of outflows and signalling a shift in short-term positioning.

At the same time, spot ETFs tied to Ripple have continued to attract fresh capital, extending a streak of net inflows that has been in place since their launch in November 2025.

Bitcoin’s rally to above $94,000 means it could eye $100,000 next.

If this happens, an overall bounce with more capital could flow into altcoins like XRP will follow.

Significantly, bullish sentiment has also emerged amid Ripple’s expansion.

What’s next for XRP?

XRP’s trajectory hinges on several key developments, with optimists pointing to continued interest in XRP exchange-traded fund (ETF) as a marker.

Volatility, however, is inherent in crypto markets. Macroeconomic conditions and any adverse regulatory shifts also remain key headwinds.

The technical picture nonetheless signals a potential breakout to $4 or higher in the short term.

Immediate resistance is at $2.8, and the $3.8 peak hovers large for bulls.

If upside momentum fails, support levels are around $2.0 and $1.8.

XRP price is poised near $2.34 at the time of press.