Institutional demand for XRP accelerated Monday, driving the token up 11% to break the $2.40 level. The move coincided with record activity in US-listed spot XRP ETFs, which registered $72.15 million in daily trading volume, the highest figure since their November debut.
The Flows
Data confirms the surge is net-long. Issuers reported $46.1 million in net inflows on January 5 alone, pushing total inflows to $1.23 billion over the last six weeks. These vehicles have now absorbed nearly 1% of the asset’s circulating supply, tightening liquidity as on-chain volume spikes.
The rally was marked by intense trading activity, with one observer noting a burst of approximately $23 million in XRP volume within a single minute.
Senate Markup Scheduled
Traders are also pricing in regulatory tailwinds. The US Senate Banking Committee has reportedly scheduled a January 15 markup for the Market Structure Bill. If passed, the legislation would codify the asset’s non-security status, a designation XRP holders have sought since the 2023 judicial rulings.
Technical Breakout
Price action confirms the shift in momentum. XRP cleared both its 50-day and 200-day moving averages in early Tuesday trading, a structure that often forces algorithmic desks to flip long. The $2.40 reclaim marks a recovery of levels lost during the Q4 2025 correction.
