Ripple XRP Price: XRP Bounced Hard — Here’s Why Traders Aren’t Celebrating Yet

TLDR

• XRP moved from $1.33 to $1.35 on strong volume but failed to break above $1.36
• XRP ETFs saw modest inflows of $3.32 million, not enough to drive a major price shift
• Key resistance sits at $1.36–$1.40; a clean break is needed for a real momentum shift
• Support levels to watch are $1.34, then $1.31–$1.32 on the downside
• A fragile US-Iran ceasefire improved broader market risk appetite, steadying crypto prices

XRP is trading around $1.35 after a sharp recovery from lows near $1.32. The move came on strong volume, pushing the token above the $1.34 level. However, price quickly settled into a tight range just below $1.36, with no clear follow-through to the upside.

The recovery mirrors broader crypto market stability, with Bitcoin up 0.8% to $72,271 and the total crypto market cap rising 1.4% to $2.52 trillion. The crypto fear and greed index remains at 14, deep in “Extreme Fear” territory.

XRP ETFs saw inflows of $3.32 million during this period. That number is too small to move the needle for a token of XRP’s size. Analysts note the rebound appears driven more by technical positioning than any clear fundamental catalyst.

Key Price Levels to Watch

On the hourly chart, XRP is trading above the 100-hourly Simple Moving Average and cleared the 38.2% Fibonacci retracement of the drop from $1.3963 to $1.3222. A bearish trend line sits with resistance at $1.3550.

The first major resistance is at $1.36. A close above that opens the path to $1.368, which aligns with the 61.8% Fibonacci retracement. Beyond that, $1.38 and $1.40 are the next ceilings.

On the downside, $1.34 is now the immediate pivot. A drop below $1.31–$1.32 would signal the breakout has failed. Below that, $1.28 and $1.265 come into play.

Geopolitical Context

A fragile US-Iran ceasefire, brokered by Pakistan on April 7, helped stabilize risk assets. The deal required Iran to reopen the Strait of Hormuz, through which roughly one-fifth of global oil supply flows. Oil tankers have not yet fully resumed traffic through the strait.

Trump stated on April 9 that US military forces would remain in the region until Iran fully complies. Stocks rose for a second consecutive day, with the Nasdaq and Dow each gaining 0.73%. Crypto steadied alongside equities as risk appetite improved slightly.

As of the latest data, XRP holds at $1.35, with the $1.36 resistance level still intact.

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