A 9% rally in XRP boosts crypto markets as Bitcoin nears a six-week high at $95,000.

XRP Leads Crypto Rally as Bitcoin Nears $95K, Crypto Stocks Jump

Crypto markets surged Monday, with XRP leading the charge and Bitcoin hitting its highest level since mid-November. Bitcoin (BTC) climbed more than 3% to $94,400, marking its biggest daily gain in over a month and moving closer to the key $95,000 level analysts say is crucial for momentum.

XRP (XRP) outperformed, rising 9% to just under $2.32 after breaking major resistance overnight, reaching its strongest level in weeks.

Crypto Stocks Surge

Crypto-related equities also saw sharp gains. Coinbase (COIN), upgraded to “buy” by Goldman Sachs, jumped nearly 9%, while MicroStrategy (MSTR) and Robinhood (HOOD) rose 5% and 6%, respectively.

Smaller names outpaced the broader market: Bakkt (BKKT) soared 30%, Figure (FIGR) climbed 20%, and Bitcoin miner Hut 8 (HUT) — which shifted into AI infrastructure — gained 15% to nearly $60 per share, approaching its split-adjusted 2021 high of $76.

Wider Markets and Commodities

U.S. stocks advanced, led by a 1.4% gain in the Dow. The Nasdaq and S&P 500 rose 0.7%. Precious metals moved higher, with silver up 7% and gold 3%.

Outlook for Bitcoin

Despite a 6% drop in 2025, Bitcoin could rebound in 2026, according to Lukman Otunuga, senior market analyst at FXTM. Lower interest rates and a tightening supply of BTC — as long-term holders retain coins — may support prices.

However, U.S. tax reporting rules and regulatory scrutiny remain risks. Otunuga notes that a sustained move above $100,000 could reignite record-high ambitions, while a fall below that level could expose Bitcoin to further declines, with support near $77,500 and $54,000.