Key Takeaways
- XRP hovered around $1.339 after bouncing from the $1.28–$1.29 support zone
- Critical resistance level sits between $1.34–$1.35; breakthrough could drive price toward $1.45
- Derivatives open interest climbed to $951 million, marking a two-week peak, accompanied by negative funding
- Monday’s 3% surge stemmed from U.S.-Iran ceasefire speculation rather than Ripple-related developments
- XRP continues trading within a descending channel established since mid-2025
XRP posted approximately 3% gains on Monday, hovering around the $1.339–$1.35 range as cryptocurrency markets responded positively to reports regarding U.S.-Iran ceasefire negotiations. During the same trading session, Bitcoin floated around $69,870 while Ethereum traded near $2,144. Though XRP underperformed these major assets, it still delivered respectable gains.
The upward momentum originated from the $1.28–$1.29 demand area, where trading volume surged noticeably during the recovery. This buying pressure enabled XRP to recapture the $1.30–$1.32 territory before challenging overhead resistance.
Market analyst CW highlighted that XRP has re-entered the red supply zone stretching from $1.34 to $1.355. This price region has previously acted as a ceiling and represents the crucial near-term obstacle.
$XRP is currently blocked by resistance from a sell wall.
If it breaks through this sell wall, a further rise to $1.42 is expected. pic.twitter.com/L4lM36T7F9
— CW (@CW8900) April 6, 2026
Should buyers successfully close above this zone, the subsequent target becomes $1.42. Further upside would encounter a supply zone ranging between $1.47 and $1.50, placing $1.45 firmly in view as a realistic objective.
Regarding downside protection, $1.31–$1.32 serves as the immediate support level. Below that threshold, $1.28 represents the more significant foundation. A breach beneath that point would send XRP back into a wider consolidation pattern.
Derivatives Market Dynamics
CryptoQuant analyst Maartunn observed that open interest expanded from $892 million to $951 million even as price dipped below $1.31 — representing the highest level in more than two weeks. Funding rates shifted into negative territory, reaching -0.0010, indicating short traders were compensating long position holders. This reflects substantial bearish sentiment in the futures market.
Liquidation concentrations above the current price level total $3.055 billion, with $318.57 million positioned near $1.356. Should XRP advance into this zone, short positions could encounter significant stress, potentially catalyzing an accelerated breakout through resistance.
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) metric for XRP since the FTX implosion in November 2022, indicating traders face substantial unrealized losses.
📉 Average wallets that have been active on the XRP Ledger over the past year are down an average of -41% on their investments. This is the lowest MVRV (Mean Value to Realized Value) for XRP traders since the FTX crash in November, 2022.
0⃣ Because cryptocurrencies are zero sum… pic.twitter.com/wADnXQ9vk2
— Santiment (@santimentfeed) April 7, 2026
Monday’s price action had minimal connection to Ripple-focused announcements. Iran dismissed Pakistan’s ceasefire offer shortly after its introduction, constraining any prolonged risk appetite surge. 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.”
Upcoming Economic Events
The U.S. economic schedule features several critical releases this week. Federal Reserve meeting minutes are scheduled for Wednesday, PCE inflation metrics arrive Thursday, and Consumer Price Index numbers release Friday. Wells Fargo eliminated its 2026 rate reduction forecast on Monday; Citigroup postponed its own projection following robust employment statistics.
Ripple introduced treasury management software featuring XRP balance monitoring on April 1, while CME integrated XRP futures options on its CFTC-supervised platform. Notwithstanding these infrastructure developments, macroeconomic narratives dominated price action on Monday.
XRP remains confined within a descending channel pattern originating from its July 2025 high near $3.60, with unsuccessful breakout efforts documented at $3.18, $3.10, $2.41, and $1.60 throughout the period.
