XRP Surges Past $2 with 190% Trading Volume Spike
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 06 2026- Price Recovery: XRP surged over 10% in the last 24 hours, reclaiming levels above $2 and surpassing BNB to become the third-largest cryptocurrency by market capitalization, indicating a resurgence of optimism in the crypto market.
- Volume Spike: XRP's trading volume skyrocketed by 190% to $4.27 billion, reflecting renewed investor interest in the asset, while open interest also rose by 6% to approximately $3.61 billion, signaling accelerated capital inflow.
- Technical Outlook: Technical analysis suggests XRP could break a downward trendline, with short-term price targets between $2.10 and $2.30, supported by a bullish MACD indicator, indicating potential for continued upward movement.
- Support Level Defense: XRP remains above the recently broken support level of $1.90, providing a solid base for buyers, and analysts suggest that if this support holds, XRP could maintain an upward trajectory through January 2026, although a drop below $1.90 may lead to a brief pullback to $1.85.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
