XRP Price Climbs 4% Amid Crypto Market Rebound

XRP climbed roughly 4% on Monday, reaching about $1.3425 on renewed bargain hunting. Volume surged more than 75% to $1.84 billion. The token’s market value stood near $82.51 billion as the broader crypto market rose 2.73% over 24 hours.

XRP Price Climbs 4% Amid Crypto Market Rebound was reflected across major tokens. Bitcoin, Ethereum and BNB also moved higher. The rally followed easing geopolitical fears.

Macro and geopolitical catalysts

Traders reacted to reports that the U.S., Iran and mediators discussed a possible 45-day ceasefire. The news reduced short-term geopolitical risk. That optimism supported a widespread relief rally.

Bitcoin jumped about 3% to just over $69,000 during the same session. The move triggered roughly $196.7 million in short liquidations. XRP’s gains largely tracked this broader market rebound.

Derivatives, flows and market structure

Derivatives data published on April 5 showed growing activity in XRP futures and options. Aggregated open interest rose above 943 million. Funding rates remained negative at about -0.0010%.

Analyst Maartunn highlighted this setup as conducive to a short squeeze. Large open interest and negative funding can amplify upward moves. Still, these metrics served more as background conditions than the immediate trigger.

Spot ETF flows at month end and early April were mixed. March 30 saw $2.31 million in outflows. March 31 recorded zero flows, April 1 had $1.32 million outflows, and April 2 posted a $64,600 inflow. Despite flows, XRP’s price held around $1.30 during this span.

Technical picture and key levels

On the charts, XRP broke a bearish trend line near $1.31. It tested the 78.6% Fibonacci retracement at roughly $1.35. A daily close above $1.35 would open targets at the 50-day average near $1.38 and then $1.60.

Support sits between $1.30 and $1.32. Falling below that zone risks a drop to the swing low near $1.28. A deeper decline could push price toward $1.15.

Consolidation and breakout potential

XRPL developer Bird noted an extended consolidation around $1.30–$1.35. The range persisted for about 59 days after a prior rally. Such compression often precedes volatile directional moves.

Outlook

XRP’s rise was driven mainly by a market-wide relief rally rather than internal developments. Its path depends on Bitcoin’s ability to sustain gains and on continued geopolitical calm. Filmogaz.com will monitor flows, derivatives and price action for signs of a durable trend.