XRP, currently the fourth-largest cryptocurrency by market cap, has reclaimed the $2 psychological barrier by ending its multi-week downtrend. Ripple’s official cryptocurrency crossed the $2 price point for the first time in two months on January 3, 2025. XRP has kicked off 2026 with strong market momentum, as a short-term bullish trend lifted the digital asset by more than 4% in the past 24 hours. The ongoing XRP uptrend is primarily driven by factors like technical breakthroughs, improved institutional demand through ETFs, and regulatory clarity. 

XRP is currently trading at $2.12, having surged more than 4.9% in the past 24 hours, outpacing the broader cryptocurrency market’s 1.7% gain.

According to the market analysis, XRP’s downside risk increases when the $2 support breaks decisively, but a sustained break above $3 with solid trading volume could signal bullish continuation. XRP’s technical analysis reveals that its support holds at $1.80–$2.00, while resistance eyes $2.10–$2.30. Price forecasts suggest that a breakout toward $2.35 could ignite an extended bullish rally for XRP, underscoring its long-term strength relative to other altcoins.

XRP Current Market Scenario

Based on XRP’s current market data, the XRP Ledger’s native cryptocurrency is showing a bullish outlook in the cryptocurrency market. The New Year rally is kicking off, and major cryptocurrencies, including XRP, are posting substantial gains. Following the new year rally, XRP has broken its multi-week downtrend and is currently trading at $2.12. Buyers pushed XRP back above $2 psychological level, but the rally needs confirmation above $2.35, whereas a dip below $2 could invalidate the breakout. Despite the short-term bullish momentum, XRP’s overall market momentum is still bearish, with the fear and greed index showing 25, extreme fear in the market. It traded 15/30 days in green and is currently trading above the 50-day SMA ($2.04) and below the 200-day SMA ($2.46).

XRP Price Forecast: Expert Views & Opinions

XRP’s strong recovery has sparked optimism among analysts, who compare its current momentum to past rallies that drove the asset to record highs. Following its uptrend, Steph, a prominent crypto analyst, made a significant comment connecting its run to XRP’s 2017 rally.

He said that XRP’s current price action closely resembled its 2017 behavior.

🚨 $XRP ’s current price action is strongly resembling what we saw in 2017.

Left chart: XRP in 2017.
Right chart: XRP in 2026 (now).

In both periods, XRP went through a long consolidation, followed by a sharp corrective move that formed a falling wedge.

In 2017, that… pic.twitter.com/OsRydKy0kH

— STEPH IS CRYPTO (@Steph_iscrypto) January 4, 2026

According to him, in both periods, XRP experienced a prolonged consolidation followed by a sharp corrective move that formed a falling wedge. He explained that in 2017, this pattern represented the final reset before a major breakout. Once the price broke out of the wedge, XRP entered an expansion phase, and momentum accelerated rapidly. He added that a similar setup appears to be unfolding now, noting that the corrective structure seems complete, downside momentum has weakened, and XRP is breaking out of the same type of compression zone that preceded the 2017 rally.

Experts have also commented on the performance of XRP spot ETFs. Carlos Siqueira, a veteran financial architect, has commented that the XRP ETFs were going to be wild on Monday, January 5, 2026. He explained that the XRP ETFs had closed on Friday at around $1.90 per XRP and could only sit and watch the price rise over the weekend. He added that when markets reopened on Monday morning, the ETFs would see a significant price jump, which could trigger a surge in ETF trading volume. 

XRP Price Prediction Today: Is XRP Eyeing a Potential Breakout Above $3 Today? 

XRP is showing early signs of an extended market recovery with a short-term bullish trend pushing the digital asset above $2 price point. Despite the short-term bullish momentum, a breakout above $3 psychological level today or in the near term is highly unlikely. XRP’s technical indicators, such as an RSI near 55 and a moderate ADX, suggest a modest move toward the $2.25 region is plausible, while a breakout beyond $3 appears less likely.

Here is the XRP price prediction for the next seven days.

Date	Min Price	Avg Price	Max Price
Jan 5, 2026	2.08	2.12	2.18
Jan 6, 2026	2.10	2.16	2.22
Jan 7, 2026	2.12	2.19	2.26
Jan 8, 2026	2.15	2.22	2.30
Jan 9, 2026	2.18	2.25	2.35
Jan 10, 2026	2.20	2.28	2.40
Jan 11, 2026	2.22	2.32	2.45

Disclaimer: The XRP prediction table is speculative, and the data is subject to change. 

According to the XRP price forecast, the digital asset is expected to trade at a maximum price of $2.18 today and is likely to reach $2.45 this week. The average trading value of XRP this week is expected to be around $2.22. January is shaping up to be pivotal for XRP, as an extended bullish rally hinges on a breakout above key resistance levels at $2.50 and $3.00, an outcome many anticipate this month. 

Will XRP Skyrocket & Reach $5 in 2026?

Yes, XRP, the official cryptocurrency of the XRP Ledger, can reach $5 in 2026, and this observation is conditional, not a certainty. XRP breaking above $5 in 2026 is considered highly likely, as the resolution of its lawsuit against the SEC has provided regulatory clarity, potentially fueling further price gains in the months ahead. 

Strong market cycle, ETF-driven liquidity, and technical structure will all play a substantial role in pushing XRP beyond $5. Despite the high optimism, XRP is known for its violent rallies driven by sharp corrections, so even with an extended bullish trend, XRP can drop and stall for months.