XRP rose to a multi-week peak of over $2.00.
Perhaps the most notable reason behind this impressive rise, including a 5% jump since yesterday to $2.07, is the overall market gain seen by numerous altcoins and bitcoin even after the US attacked Venezuela and captured its leader.
However, data from SoSoValue shows that there may be another reason behind XRP’s weekly rise. The spot The total value of net inflows into the financial instruments has therefore reached almost $1.20 billion.
However, with its price surge to near $2.10, XRP has approached some major sell walls that could provide immediate resistance and halt its progress. If the first falls, the second is close at $2.17, followed by another at just over $2.25.
$XRP has hit a sales wall. In the short term there are three sales walls. pic.twitter.com/5vXPVEk3P2
— CW (@CW8900) January 4, 2026
Despite the rise on a daily and weekly scale, CRYPTOWZRD indicated that XRP had closed the daily candle ‘indecisive’. The analyst added that assets should move higher as they are currently at risk of retesting the $1.97 support.
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