Key Takeaways
- XRP bounced from the $1.28–$1.29 support zone to trade around $1.339
- Critical resistance zone positioned at $1.34–$1.35; breakthrough could target $1.45
- Derivatives open interest climbed to $951 million, marking a two-week peak with bearish funding
- 3% Monday surge tied to U.S.-Iran ceasefire headlines rather than Ripple developments
- Price action continues within a descending channel established in mid-2025
XRP posted approximately 3% gains on Monday, reaching the $1.339–$1.35 price range as cryptocurrency markets responded positively to reports of potential U.S.-Iran ceasefire negotiations. During the same trading period, Bitcoin traded around $69,870 while Ethereum changed hands near $2,144. Although XRP underperformed these major cryptocurrencies, it still delivered respectable gains.
The upward momentum originated at the $1.28–$1.29 demand area, where trading volume spiked noticeably during the rebound. This accumulation helped XRP recover the $1.30–$1.32 trading band before confronting overhead resistance.
Cryptocurrency analyst CW highlighted that XRP has reentered the red supply territory spanning $1.34 to $1.355. This zone has previously rejected upward price attempts and continues to serve as the primary near-term obstacle.
Should buyers successfully breach this resistance area, the subsequent target stands at $1.42. Further upside would encounter another supply zone ranging from $1.47 to $1.50, establishing $1.45 as a reasonable bullish objective.
Regarding downside protection, immediate support resides at $1.31–$1.32. Beneath that level, $1.28 represents the more significant foundation. Breaking below this threshold would push XRP into an extended consolidation phase.
Derivatives Market Signals
CryptoQuant analyst Maartunn observed that open interest expanded from $892 million to $951 million while price action dipped below $1.31 — representing the highest level in more than two weeks. Funding rates flipped negative, reaching -0.0010, indicating short position holders were compensating long traders. This dynamic suggests substantial bearish positioning within derivatives markets.
Liquidation concentrations above the current price level total $3.055 billion, with $318.57 million positioned near $1.356. Should XRP advance into this territory, short positions could experience significant pressure, potentially catalyzing accelerated movement through resistance levels.
Santiment data revealed that the average active XRP Ledger wallet from the past year shows a 41% loss on holdings. The analytics platform emphasized this represents the lowest MVRV (Mean Value to Realized Value) measurement for XRP since the FTX exchange collapse in November 2022, indicating traders are experiencing substantial unrealized losses.
Monday’s price appreciation occurred independently of Ripple-specific announcements. Iran dismissed Pakistan’s ceasefire proposal shortly after its introduction, constraining any prolonged risk-on sentiment. Dakota Wealth’s Robert Pavlik explained to Reuters: “Until we have some kind of concrete agreement it’s hard to be fully committed to investing.”
Economic Events on the Horizon
This week features a packed U.S. economic calendar. Federal Reserve meeting minutes release Wednesday, PCE inflation metrics publish Thursday, and Consumer Price Index figures arrive Friday. Wells Fargo eliminated its 2026 interest rate reduction forecast on Monday; Citigroup postponed its own outlook following robust employment statistics.
Ripple did introduce treasury management software featuring XRP balance monitoring on April 1, while CME integrated XRP futures options onto its CFTC-regulated trading platform. Notwithstanding these infrastructure developments, macroeconomic narratives remained the dominant price catalyst on Monday.
XRP continues trading within a descending channel pattern originating from its July 2025 apex near $3.60, with unsuccessful breakout efforts documented at $3.18, $3.10, $2.41, and $1.60 in subsequent periods.
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