XRP reached a three-week peak.
Ripple’s native token joined the general altcoin trend on Friday, jumping double digits from the bottom to the top. Specifically, the price shot up from $1.86 to a three-week high of $2.05 before meeting some resistance, but is still above $2.00.
This has helped the asset reclaim the fourth spot in terms of market capitalization from Binance Coin, which is up a more modest 1% per day and 4.4% per week. As a result, BNB’s market cap is at $120 billion, while XRP’s is approaching $122 billion.
Naturally, the XRP army rejoiced at this price rebound, as the asset struggled sideways below $2.00 and even $1.90 for weeks. Cobb, one of the most outspoken Ripple supporters, was can be predicted quickly that the underlying asset will not fall below $2.00 again, even though it is now awfully close.
Analyst CW indicated that the XRP rocket had launched after the asset broke past the first resistance at $1.90. She added that the number of XRP short positions is quite small, which should not be a problem for the asset to continue its run.
On a more macro scale, CW explained that XRP’s Phase 4 has just begun. The analyst noted that breaking the all-time high of $3.65 in July 2018 “is the top priority,” which could even send the token north.
The next step of $XRPPhase 4 of the program is about to begin.
Breaking the ATH has the highest priority. https://t.co/jQP1fiKdXl pic.twitter.com/tGPOCFgLuo
— CW (@CW8900) January 3, 2026
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