XRP ticked up to about $1.15 on Monday as risk appetite showed tentative signs of returning to crypto markets — but the recovery looks fragile. Derivatives activity suggests cautious retail traders are slowly coming back after weeks on the sidelines, yet macro pressure and fresh geopolitical tension are keeping investors wary.
Geopolitics dents sentiment
Risk-off remains the dominant tone after a short weekend rebound. Caution intensified when Israel and Iran exchanged strikes for the first time since the April 8 ceasefire, a development that has weighed on risk assets and capped upside across digital tokens.
Derivatives point to cautious re-entry
Despite the nervous backdrop, XRP futures saw a modest pick-up in activity. Open interest in XRP perpetual futures rose to an average of $2.44 billion on Monday, up from $2.28 billion — a sign traders are gradually adding exposure. The increase signals renewed speculative interest, although it is modest compared with prior bullish runs.
Technical picture: heavy resistance overhead
Technically, XRP’s rebound faces significant headwinds. The token remains below key moving averages: the 50-day EMA at $1.33, the 100-day EMA at $1.41 and the 200-day EMA at $1.63 — creating a hefty resistance band. The SuperTrend remains negative around $1.26, while a descending trendline places a key breakout point near $1.52. Together these levels suggest rallies are likely to meet selling pressure.
Momentum indicators favor bears
Momentum metrics back the cautious view. The daily RSI sits near 32, indicating weak buying momentum despite the bounce, and the MACD histogram remains below zero, reinforcing the bearish bias. Downside risk persists unless XRP can reclaim and hold major resistance thresholds.
Outlook
XRP has shown resilience in reclaiming $1.15, and improving derivatives flows plus ongoing ETF inflows are constructive signals. Still, persistent geopolitical uncertainty and weak market sentiment cap near-term upside. For a more convincing recovery, XRP will need to clear multiple resistance barriers and benefit from a broader uplift in risk appetite. Traders will be watching support around $1.05 and the critical $1.00 level for signs of whether selling pressure eases or intensifies.
Read more AI-generated news on: undefined/news
