Update: Xrp Tops $2 As Tradfi Piles In: Do Charts Predict New Highs In 2026?

XRP trades back above $2, and soaring institutional investor flows suggest the altcoin’s rally is just getting started.

XRP (XRP) is holding above $2, but the move has yet to confirm a bullish shift, with a stronger technical validation expected at higher levels, according to an analyst.

XRP reclaimed its 50-day moving average in early January, signaling early signs of a trend reversal.

Institutional flows into XRP were the highest last week, diverging sharply from the market, which saw heavy outflows during the same period.

Onchain volume metrics suggest XRP’s move above $2 is driven by balanced participation rather than speculative excess.

XRP began 2026 by reclaiming a bullish position above its 50-day simple moving average (SMA) during the first weekend of January. The move aligns with a classic downtrend retest, a structure that leads to higher prices if buyers maintain control. However, the price action so far suggests stabilization rather than acceleration.

This stability appears reinforced by institutional investors’ participation. While the digital asset market experienced one of its worst weekly performances since mid-2023, with roughly $454 million in outflows, XRP price moved in the opposite direction.

CoinShares data showed $45 million in weekly inflows into XRP, a more than 400% increase week-on-week, that stood in contrast to broader market outflows.

This contrast has helped XRP hold above $2 even as liquidity conditions tightened elsewhere, highlighting that its recent strength is not purely sentiment driven.

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Source: CoinTelegraph