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XRP rises 3% near $1.34 amid U.S.-Iran ceasefire talks, eyeing $1.45 resistance breakthrough.

Technical Signals
07 Apr 2026
Blockonomi
View Source
Neutral
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XRP gained about 3% on Monday, recovering from support around $1.28-$1.29 to hover near $1.34, boosted by news of potential U.S.-Iran ceasefire talks rather than Ripple-specific events. It faces key resistance between $1.34 and $1.35, with a possible target of $1.45 if this level is surpassed. Open interest in XRP derivatives hit a two-week high at $951 million, signaling strong market activity and bearish positioning. Despite these gains, XRP remains in a long-term descending channel since mid-2025, and broader economic events like upcoming U.S. inflation data and Fed minutes could influence future price moves.

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