XRP Leads Market Rally with 12% Surge: What’s Driving the Spike?

XRP surged 12% to reach $2.42 on January 6, marking its highest price since mid-November 2025, before hovering around the current $2.35 mark. Related Reading: Here’s Why The Shiba Inu Price Jumped Over 13% The jump coincided with a strong influx of capital into XRP-focused exchange-traded funds (ETFs), technical breakout patterns, and a sharp reduction in short positions. These aspects combined to drive one of the most notable rallies in the crypto market’s early 2026 recovery phase. XRP’s price trends to the upside on the daily chart. Source: XRPUSD on Tradingview XRP ETF Inflows and Institutional Interest Fuel Gains Spot XRP ETFs recorded $48 million in net inflows on January 5 and 6, marking the largest daily inflows since their launch in November 2024. Over the past eight weeks, these ETFs have experienced a consistent inflow of approximately $1.23 billion, reflecting a growing institutional appetite for XRP exposure. The increased buying pressure from these funds is helping absorb