- Ripple (XRP) rose to $1.38 after gaining 5%, following a major crypto rally as easing US-Iran tensions pushed investors to riskier assets.
- XRP’s trading volume exceeded 80%, confirming strong participation in the market, while the entry of ETFs and developments on Ripple increased interest.
- The price now depends on the level of $ 1.37; holding above it could push XRP to $1.40–$1.42, while a drop below $1.32 would reverse recent gains.
Ripple (XRP) jumped in the last 24 hours, gaining 5.09% to trade near $1.38. The token was slightly successful with the global crypto market, which also saw a strong recovery. The increase came after a sudden increase in global threats, due to a decrease in tensions between the Iran-US.
The most important reason for the price movement was the ceasefire agreement between the United States and Iran, which was announced on April 8. The agreement, which is expected to last two weeks, ended the immediate fear of escalation in the Middle East. As part of the latest development, Iran has agreed to reopen the Strait of Hormuz for oil exports. This directly affected the international markets. Oil prices plummeted, dropping nearly 15% in a matter of hours. The decline reflects the rapid withdrawal of funds that have plagued financial markets.
Ripple (XRP) Rides Amid All Crypto Rebounds
As a result, Bitcoin rose more than 4%, lifting the entire market. The total amount of the crypto market increased by 4% in the same period. XRP images to follow it is a strong move, supported by his tendency to act aggressively during major market rallies. The trading volume of XRP jumped significantly, rising more than 80%, which confirmed the strong participation of traders.
Before this, XRP images had traded narrowly for several days. Prices were between $1.30 and $1.33, with little movement. The exit market showed a cautious setup. Short positions were dominant, and long closings were greater than short closings. Currency rates remained negative, and inflation rates fell. This showed low skepticism among traders and lack of clear guidelines.
Ceasefire changed the situation. As uncertainty eased, capital returned to risky assets. XRP quickly responded to this change and broke above the $1.37 level, which acted as resistance in the previous range. This breakout indicates a short-term reversal and opens the way for further gains if supported by sustained demand.
Apart from the big startups, XRP also benefited from the evolution of the ecosystem. The XRP Tokyo 2026 event highlighted the interest of organizations, especially in Japan. At the same time, Ripple continued to grow in international markets, which includes recent developments in Africa. This added support to all the ideas surrounding crypto.
Organizational movements also contributed. Data shows that ETFs focused on XRP recorded more than $3.3 million in revenue on April 7.
From a technical point of view, the focus is fixed at the level of $1.37. Holding above this zone may allow XRP to test resistance between $1.40 and $1.42. Momentum signals indicate that there is an upward trend ahead of them crypto affects overbought products. But, the design remains sensitive to changes in external factors.
If the price drops below $1.32, the breakout may lose momentum. In such a case, XRP may return to its original position, with support near $1.28. The direction of the upcoming sessions will depend largely on whether the risk sentiment continues.
