Ripple’s XRP token saw a massive price rally on Jan. 6, 2026. However, the rally seems to have been cut short as the asset has faced a sharp price correction today. According to CoinGecko data, XRP has dipped by 5.1% in the last 24 hours and 6% since January 2025. However, yesterday’s massive rally has pushed XRP by 20.8% in the weekly charts, 22.2% in the 14-day charts, and 9.3% over the previous month. XRP was struggling to breach the $2 mark over the last few months. Now the asset faces resistance at the $2.40 price level. Let’s discuss what’s next for XRP.

Will XRP’s Price Continue TO Rally?

XRP had one of its best years in 2025. The SEC vs. Ripple lawsuit finally came to an end last year, pushing XRP to a new all-time high of $3.65. We also saw the launch of several spot ETFs towards the end of 2025. However, the year ended with a bearish market tone, with XRP struggling to go beyond the $1.90 mark. 2026 seems to have brought momentum for the crypto market.

XRP’s latest price rally came amid a larger crypto market resurgence. Bitcoin (BTC) climbed to the $93,000 mark yesterday, but has since dipped to the $92,000 level. However, XRP’s rally is likely due to increased ETF inflows. ETFs played a major role in the 2025 market cycle. Both Bitcoin (BTC) and Ethereum (ETH) climbed to new heights thanks to increased ETF inflows. A similar pattern could emerge in 2026 as well.

Also Read: XRP News: 3 Key Catalysts That Could Shape Q1 2026 Moves

Despite the steep price spike on Jan. 6, XRP’s rally is showing signs of slowing down. The sharp correction could mean that investors are booking profits. This could be a signal that investors are still not fully confident in the crypto market. Macroeconomic worries have moved market participants to safe havens such as gold and silver.