> At a Glance
> – XRP hit $2.40 on Tuesday, its highest level in seven weeks
> – Spot Ripple ETFs have pulled in $1.23 billion since November 13
> – Exchange reserves dropped 60% since October
> – Why it matters: The confluence of ETF demand and falling supply could keep the rally alive
XRP’s price surge to $2.40 marks a dramatic turnaround from last week’s sub-$1.85 levels, fuelled by three on-chain signals flashing green at once.
ETF Cash Keeps Flowing
Ripple-backed exchange-traded funds absorbed $46.1 million on January 5 alone-their biggest single-day haul since December 3. Cumulative inflows since the first fund launched now stand at:
- $1.23 billion across five spot XRP ETFs
- A streak of daily inflows lasting nearly two months
- Sustained buying pressure that has helped price break the $2 barrier
Exchange Supply Dries Up
Data trackers Glassnode and CryptoQuant show that the number of XRP tokens sitting on centralized exchanges has fallen to roughly 1.8 billion, down almost 60% from the October 2025 peak. Fewer coins on exchanges typically reduces immediate sell pressure, a setup that often precedes further price gains.
Whale Activity Stabilizes
Large holders had spent the final months of 2025 off-loading billions of tokens, but their balances have levelled off over the past seven days. No fresh multi-billion-coin sell orders have been reported, removing another near-term headwind.
Technical Breakout
Chartist CryptoWZRD told followers that both the XRP/USD and XRP/BTC pairs “rallied strongly as anticipated,” adding that “further upside is likely.” Fellow analyst CW sees the token clearing its 2018 all-time high of $3.40 as the next major checkpoint:
> “$XRP is steadily rising toward its previous resistance level, the ATH. The rocket will launch from the ATH. A breakout of the ATH means there are no further resistance levels.”
Key Takeaways
- XRP has climbed ~30% in a week, driven by ETF demand, falling exchange reserves, and calmer whales
- Spot ETFs have seen $1.23 billion in net inflows since mid-November
- Exchange balances have dropped 60%, easing selling pressure
- Analysts flag $3.40-the 2018 peak-as the next major resistance
With $2 now reclaimed, traders are watching whether the triple tail-wind of ETF inflows, shrinking supply, and steady whale balances can propel XRP to fresh all-time highs.
