NEW YORK, April 6, 2026, 15:09 EDT
XRP climbed roughly 3% Monday to trade at about $1.35, buoyed by a wider rally across crypto markets after news of U.S.-Iran ceasefire talks calmed some of the risk jitters. Bitcoin hovered close to $69,870, with ether near $2,144 during afternoon trading in the U.S. That put XRP trailing the two larger tokens but still solidly up for the day.
XRP’s been stuck hovering in the low $1.30s lately. Even with Monday’s uptick, the token stayed close to the upper edge of that range. Market chatter hasn’t budged—traders still see XRP as locked in, since it hasn’t managed to break past the $1.35 mark yet.
The spark didn’t come from Ripple this time. According to Reuters, Pakistan floated a plan calling for an immediate ceasefire between the United States and Iran. Stocks crept up, oil dipped, as traders tried to gauge if the move would stick. Iran shot down the idea of a temporary ceasefire not long after, giving markets a quick lift—no real clarity, though.
XRP wasn’t the outlier here. According to CoinDesk, the token edged up earlier Monday, though there wasn’t any obvious XRP-driven spark. Volume was sitting above its seven-day average—a move that lines up with a broader crypto market pull rather than anything tied to company headlines.
The distinction is crucial for traders banking on Ripple’s enterprise strategy to drive demand for the coin. Back on April 1, Ripple rolled out treasury software loaded with digital-asset capabilities, letting users track XRP balances right next to cash. CME, too, has launched options on XRP futures—tools for hedging or speculating on what’s next for prices—on its CFTC-regulated platform. Moves like these are beefing up XRP’s market infrastructure. Still, Monday’s trading told a different story: macro news remained the main driver.
Robert Pavlik, senior portfolio manager at Dakota Wealth, noted that investors remain cautious about chasing the rally. “Until we have some kind of concrete agreement it’s hard to be fully committed to investing,” he told Reuters. Reuters
XRP faces similar headwinds. Iran hasn’t signed onto the ceasefire, Reuters said, and the Strait of Hormuz is still mostly shut. Bart Melek at TD Securities warned oil prices could “grind higher amid tightening supply conditions” if the fighting continues—a scenario that threatens to stoke inflation and pressure riskier assets like crypto. Reuters
The U.S. macro calendar is stacked: Federal Reserve minutes drop Wednesday, Personal Consumption Expenditures — the closely watched inflation gauge — hits Thursday, and consumer-price numbers arrive on Friday. On Monday, Wells Fargo scrapped its forecast for a Fed rate cut in 2026, and Citigroup delayed its own projection on the heels of unexpectedly strong U.S. jobs numbers.
XRP has crept back toward the top of its recent band, but that ceiling still holds. As CoinDesk pointed out last week, the chart doesn’t shift unless $1.35 falls. Monday’s uptick mostly echoes action in bitcoin, ether, and the wider market — it’s hardly an XRP breakout.
Related articles: NASDAQ:CME
