coindesk.com
XRP jumped to $2.17 after buyers finally pushed through the $2.14 resistance zone, with a sharp pickup in volume suggesting real demand rather than a thin, holiday-driven move.
News background
The move comes as XRP continues to attract attention early in 2026 following a stretch of steady institutional engagement. Spot XRP exchange-traded funds have maintained consistent inflows in recent weeks, while exchange balances remain near multi-year lows — a setup that can amplify price moves when demand increases.
Market commentary has also turned more constructive. Several analysts have pointed to XRP’s improving structure relative to bitcoin after months of consolidation, while others caution that the token is still trading below longer-term resistance levels that capped rallies throughout 2025.
The broader crypto market has been mixed, with bitcoin and ether struggling to extend gains. Against that backdrop, XRP’s ability to attract focused buying has stood out, even as traders remain selective across large-cap tokens.
Technical analysis
XRP rallied from $2.05 to $2.17 over the 24-hour period ending Jan. 14, breaking decisively above the $2.14 level that had capped multiple upside attempts. The breakout was accompanied by a surge in trading volume, with 167.9 million XRP changing hands at the peak — roughly 189% above the 24-hour average.
Price action showed a clear bullish structure. XRP posted consecutive higher lows from $2.05 through $2.12 before accelerating into the breakout, signaling buyers were stepping in earlier on each pullback. The move also marked a clean break above a descending trendline that had limited upside momentum since late December.
On the 60-minute chart, XRP printed a brief V-shaped pullback after touching $2.17, dipping to $2.16 before rebounding quickly on elevated volume. That behavior suggests demand remains active near the breakout zone rather than sellers immediately fading the move.
Price action summary
- XRP climbed from $2.05 to $2.17 in 24 hours
- Breakout above $2.14 occurred on volume nearly 3x the daily average
- Buyers defended pullbacks near $2.16 on lower timeframes
- Price set fresh short-term highs near $2.18 before consolidating
What traders should know
This move looks more than a routine bounce, but it’s not a clean trend confirmation yet.
As long as XRP holds above the $2.14–$2.16 zone, the breakout remains intact and opens the door for a test of higher resistance near $2.26 and potentially the $2.40 area that capped rallies earlier this cycle.
If price slips back below $2.14, the rally risks turning into another failed breakout, pulling XRP back into its prior consolidation range with support near $2.03.
For now, the tape suggests buyers are in control — but follow-through above resistance will matter more than the size of the initial move.