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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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XRP jumps 8% above $2 as traders bet on a friendlier SEC
Source: CryptoNewsNet Original Title: XRP jumps 8% above $2 as traders bet on a friendlier SEC Original Link: XRP rose above $2 on Friday for the first time since mid-December, extending a strong start to 2026 as traders pointed to steady spot ETF inflows and improving U.S. regulatory sentiment.
Data showed U.S. spot XRP ETFs took in $13.59 million on Jan. 2, pushing total inflows since launch to $1.18 billion. The steady demand has helped tilt near-term supply and demand dynamics in XRP’s favor, even as broader crypto benchmarks remain rangebound.
The move also comes as traders reassess the regulatory backdrop after SEC Commissioner Caroline Crenshaw’s departure, which some market participants viewed as clearing the way for a more crypto-friendly policy stance.
Crenshaw had been among the most vocal skeptics of crypto spot ETFs and had opposed the SEC dropping its appeal in the Ripple case, according to market commentary.