XRP and Dogecoin ETFs Gain Momentum as Crypto Markets Turn Risk-On in Early 2026

XRP and Dogecoin have emerged as early leaders in the crypto market in the first week of 2026, driven by renewed risk-on sentiment and fresh inflows into U.S. spot ETFs. Data from SoSoValue highlights a clear divergence in investor behavior, with XRP attracting steady institutional capital while Dogecoin benefits from momentum-driven and leveraged trading activity.

XRP spot ETFs continued to extend their positive inflow streak, recording net inflows of $13.59 million on January 2 alone. This marked the 33rd consecutive day of inflows since these products launched in mid-November. Total net assets across XRP spot ETFs have now reached approximately $1.37 billion, underscoring persistent institutional demand even as other crypto ETFs experienced sporadic outflows toward the end of 2025. The consistent capital allocation suggests growing confidence in XRP as a long-term digital asset exposure within regulated investment vehicles.

Price action has reflected this trend. After trading in a narrow range earlier in the week, XRP pushed toward the $2.30 level, reclaiming key short-term support around $2. This move helped ease selling pressure that dominated late 2025 and reinforced a more constructive technical outlook as liquidity tightens through ETF accumulation.

Dogecoin ETFs, while smaller in scale, also showed renewed activity. After weeks of muted flows, spot Dogecoin ETFs recorded $2.3 million in net inflows on January 2, lifting total assets to $8.34 million. Although the absolute figures remain modest compared with XRP, the increase represents a clear acceleration from December’s low-volume conditions. DOGE prices responded accordingly, climbing from the low-$0.13 range to around $0.14, supported by broader memecoin strength and improving market sentiment.

Leverage has further amplified Dogecoin’s performance. According to Bloomberg ETF analyst Eric Balchunas, 2x leveraged Dogecoin ETFs ranked among the top-performing ETFs in the U.S. market during the opening days of 2026, posting outsized gains in a short period. Overall, the data points to XRP’s role as a steady institutional favorite and Dogecoin’s appeal as a high-beta, momentum-driven asset in the current crypto cycle.