XRP rose about 4% on Monday to $1.3425 as a broad crypto rebound lifted digital assets across the board, with trading volume jumping more than 75% to $1.84 billion. The token’s market value reached $82.51 billion as Bitcoin, Ethereum and BNB all moved higher, and the total value of all digital assets climbed 2.73% in 24 hours.
The move came as traders responded positively to news that the U.S., Iran and mediators were discussing a potential 45-day ceasefire, a backdrop that helped Bitcoin jump 3% to above $69,000 and trigger $196.7 million in short liquidations. XRP’s gain was nearly identical to the broader market’s 3.5% advance, underscoring that Monday’s move was part of a rotation rather than a solo rally.
That matters because the xrp price was not breaking on a fresh project catalyst. The rally followed weeks of tight trading and came after XRP pushed through a bearish trend line near $1.31, then tested the 78.6% Fibonacci retracement level at $1.35. If it closes above that level, chart traders will look first to the 50-day average at $1.38 and then to $1.60, a much larger resistance zone.
The recent run sits on top of a market that has been indecisive for some time. XRP had been trapped between $1.30 and $1.35 for about 59 days before Monday’s move, a range that XRPL developer Bird described as a period of market indecision and liquidity buildup. Bird called it a pivotal technical setup for XRP.
ETF data showed the same mixed tone. XRP spot ETF flows posted $2.31 million in outflows on March 30, were flat on March 31, then saw $1.32 million in outflows on April 1 before turning to a modest $64,600 inflow on April 2. Through that stretch, XRP’s price held around $1.30, suggesting investors were waiting for a catalyst rather than chasing the token higher.
Derivatives positioning adds another layer. As of April 5, aggregated open interest for XRP futures and options had surged above 943 million, while funding rates remained negative at -0.0010%. That combination can point to growing interest without aggressive long-side conviction, which fits a market that has spent weeks compressing before Monday’s breakout attempt.
The tension now sits in a narrow band. XRP’s push above $1.31 shows buyers are willing to step in, but the trade still needs follow-through above $1.35 to change the technical picture. If that level fails to hold, the token risks sliding back to support between $1.30 and $1.32, with a break there opening a path toward $1.28 and potentially $1.15. For now, the xrp price has joined the wider crypto recovery, but the next decisive move depends on whether Monday’s breakout can survive the week.
