Crypto Potato 2026-01-04 09:53:51

Why Is Ripple’s (XRP) Price Up Today?

Ripple’s native token has taken the recent market revival phase by storm, gaining over 10% in the past week. It helped it reclaim two crucial resistance-turned-support levels, and even surpassed Binance Coin in terms of market cap. Perhaps the most notable reason behind this impressive increase, including a 5% jump since yesterday to $2.07, is the overall market gains seen by numerous altcoins and bitcoin, even after the US attacked Venezuela and captured its leader. However, data from SoSoValue shows that there might be another reason behind XRP’s weekly increase. The spot XRP ETFs, which have been on a mind-blowing roll since the first one launched in mid-November, continue to be well in the green, attracting another $13.6 million on Friday. Thus, the total value of net inflows into the financial vehicles has neared $1.20 billion. With its price pump to almost $2.10, though, XRP has neared several key sell walls, which could provide immediate resistance and halt its progress. If the first one falls, the second is close by at $2.17, followed by another one at just over $2.25. $XRP has reached a sell wall. There are three sell walls in the short term. pic.twitter.com/5vXPVEk3P2 — CW (@CW8900) January 4, 2026 Despite the increase on a daily and weekly scale, CRYPTOWZRD indicated that XRP had closed the daily candle “indecisively.” The analyst added that the asset needs to push higher as it currently risks testing the $1.97 support once again. The post Why Is Ripple’s (XRP) Price Up Today? appeared first on CryptoPotato .