Ripple’ XRP token last traded above the $2 price level in January of this year. The asset had quite a bullish year in 2025, climbing to an all-time high after more than seven years. But things have gone quite the opposite way this time around. XRP’s price even briefly fell below the $1 mark last month. Let’s discuss if XRP can realistically hit $2 by the end of 2026, or will it continue to move in a sideways trajectory.
Can XRP Hit $2 By The End Of 2026?
The cryptocurrency market saw a slight rebound late last month, with Bitcoin (BTC) briefly reclaiming the $80,000 price level. BTC’s rally pulled XRP as well. However, the rally was short lived. BTC has fallen to the $77,000 price level and XRP is following suit as well. The rally was triggered by two main factors. Firstly, President Trump’s White House cryptocurrency event greatly elevated investor sentiment. Secondly, the US Treasury increased their bond buy backs injecting more liquidity into high-risk markets. XRP and the larger cryptocurrency market began their upswing right after.
The market-wide surge, unfortunately, is loosing steam. Chances are high that prices will dip even further in the coming weeks. XRP could potentially see its price dip to just above the $1 mark, where it has substantial support. One major reason for a potential market correction is high inflation. Federal Reserve Chair Kevin Warsh delivered a hawkish speech at the Jackson Hole meeting, especially emphasizing inflation. There is a high chance that the Federal Reserve will raise interest rates. XRP and other cryptocurrencies could see increased outflows if rates are raised further.
Also Read: Bitcoin Reclaims $77,500 Levels, Will This Take XRP Above $1.60?
Moreover, the US Treasury will eventually need to refill its pockets. The liquidity from increased buy backs may flow back into the Treasury. Such a liquidity drain could also put pressure on XRP and the larger cryptocurrency market.
If the above mentioned developments happen, XRP may not hit $2 by the end of 2026. Moreover, there does not seem to be much bullish developments in sight.
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