07.04.2026 07:39
XRP’s value hovered at roughly $1.339, edging higher from the pivotal support band between $1.28 and $1.29. Analysts pinpointed a resistance corridor stretching from $1.34 to $1.35, and a decisive breach there could usher the token toward the $1.45 mark. In a recent surge, open‑interest rose to $951 million—a two‑week high—while funding rates turned negative on Monday. That modest 3 % rally was sparked less by Ripple’s own news and more by headlines surrounding a potential U.S.–Iran ceasefire, a development that buoyed the broader crypto sphere.
The price action unfolded inside a descending channel that has persisted since mid‑2025. On the day in question, XRP posted a near‑3 % gain, trading in the $1.339–$1.35 corridor as the market digested the ceasefire narrative. For context, Bitcoin briefly touched $69,870, while Ethereum lingered around $2,144. Although XRP lagged behind the two largest assets by percentage, it still managed to register a respectable upward move.
Buying pressure intensified around the $1.28–$1.29 demand zone, where volume spiked and propelled the coin back into the $1.30–$1.32 range before it encountered resistance. Market commentator CW highlighted that XRP has re‑entered a “red‑supply” zone covering $1.34 to $1.355—a level that has historically capped rallies. A successful breakout could open the path to a $1.42 target, with further upside eyeing a $1.45 objective before confronting a denser supply wall between $1.47 and $1.50.
On the downside, the nearest support remains the $1.31–$1.32 band, with $1.28 serving as a stronger foundation. A dip below $1.28 would re‑ignite a wider consolidation pattern, opening the door to deeper corrections.
Derivatives data underscored the bullish tilt. CryptoQuant analyst Maartunn noted that open interest expanded from $892 million to $951 million as the price slipped beneath prior resistance, indicating that leveraged participants are positioning for a potential upside breakout. The confluence of rising open interest, negative funding rates, and a favourable macro catalyst suggests that XRP could experience a pronounced move if the $1.34–$1.35 resistance is decisively cleared.
