XRP Surges 5-6% to $1.37 as Trump’s Two-Week Ceasefire Sparks Crypto Relief Rally – $1.60 Next?
On April 8, 2026, XRP surged by 5% to 6% in the past day, breaking out of its recent narrow range. The token now trades between $1.37...
Quick overview
- On April 8, 2026, XRP surged by 5% to 6%, breaking out of a narrow trading range and reaching between $1.37 and $1.38.
- The surge was fueled by a conditional ceasefire announcement between the US and Iran, easing geopolitical tensions and boosting risk appetite.
- Regulatory developments, particularly the potential review of the CLARITY Act, could further support XRP's growth in the coming weeks.
- Technical indicators show XRP has broken a descending trendline, with key resistance levels identified at $1.405 and major upside targets above $1.52.
On April 8, 2026, XRP surged by 5% to 6% in the past day, breaking out of its recent narrow range. The token now trades between $1.37 and $1.38, with trading volume over $2.9 billion in 24 hours.
This sharp rise comes after a broad relief rally in cryptocurrencies. President Trump announced a conditional two-week ceasefire with Iran, easing the geopolitical tensions that had been pressuring risk assets.
Why is XRP surging today?
The ceasefire announcement eased fears about conflict in the Strait of Hormuz, lowered demand for the safe-haven dollar, and boosted overall risk appetite. This led to short covering and new buying in altcoins like XRP.
Ceasefire Announcement Lifts Broader Market Sentiment
The ceasefire pauses US and Israeli strikes for two weeks, while Iran agrees to restore safe tanker passage through the Strait of Hormuz. This has greatly lowered the immediate risk of long-term energy supply problems and wider conflict in the Middle East.
Bitcoin climbed toward $72,700, and altcoins like XRP also saw strong gains as investors moved away from safe-haven assets and took on more risk. The quick price jump caused some short positions to be liquidated, which added to the rally.
The truce offers short-term relief, but its conditional terms and short two-week window mean volatility remains high. Delays or problems in talks, possibly involving Pakistan, could quickly change market sentiment. For now, though, higher-risk assets like XRP have benefited.
Regulatory and Ecosystem Tailwinds Remain in Focus
Aside from the geopolitical news, the focus remains on the CLARITY Act. The Senate Banking Committee may review it in the second half of April, after lawmakers return from recess around April 13. If the legislation moves forward, it could bring clearer rules for digital assets and give XRP a strong boost.
The SEC and Ripple lawsuit ended in 2025, removing a major obstacle from past years. Ripple is still expanding its institutional infrastructure, working on the RLUSD stablecoin, new listings, treasury management tools, and possible acquisitions.
Spot XRP ETFs had mixed results, with outflows during the peak of oil-related volatility, but they seem to be recovering as market sentiment improves. On-chain data shows steady growth, with wallet addresses now over eight million and more activity on the XRP Ledger.
Technical Analysis: XRP Breaks Descending Trendline
On the four-hour chart, XRP has moved above the descending trendline that limited its price since mid-March. The strong move up from the $1.30 support has shifted momentum to buyers. The price is now above the 50-period moving average near $1.327 and is testing the 200-period average around $1.405.
Key XRP Price Levels to Watch (April 8, 2026)
| Immediate Resistance | $1.405 – $1.49 | 200-period MA + psychological level |
| Major Upside Target | $1.52+ | Next extension on breakout |
| Key Support | $1.367 | Short-term pullback level |
| Deeper Support | $1.327 – $1.281 | 50-period MA + previous consolidation |
The Relative Strength Index (RSI) is now above 60, showing stronger momentum but not yet reaching overbought levels.
Three Key Factors Traders Are Watching Closely Today
- Implementation progress of the ceasefire and any updates on Hormuz tanker flows
- Upcoming Senate developments around the CLARITY Act after April 13
- Broader crypto market reaction to shifting oil prices and risk sentiment
Short-Term Optimism with April Seasonality in Play
In the short term, the ceasefire and better risk sentiment support the rebound. Analysts are divided: some see April targets between $1.30 and $1.45, while others think regulatory progress or a lasting truce could push XRP to $1.60 or higher.
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