XRP Surges 4.37% Amid Trade Tensions, Coinbase Futures Launch

Ripple’s XRP has shown resilience, holding steady at $2.13 amidst bullish predictions for April. The cryptocurrency surged to $2.17 during Saturday’s session before retracing slightly, extending its multi-day rebound. This rally was fueled by renewed U.S.–China trade tensions, which prompted a capital rotation from equities into digital assets like Bitcoin, Ethereum, and XRP. Investors viewed digital assets as inflation-hedged and geopolitically neutral, leading to a significant influx of capital into the crypto market.

XRP’s strong performance aligns with a broader market-wide recalibration of capital. Traders are positioning for volatility and uncertainty, particularly if corporate earnings weaken under prolonged trade tension. The total crypto market cap rebounded to $2.78 trillion, with XRP emerging as one of the top performers. This move was further bolstered by Coinbase’s announcement of XRP futures launching on April 21, reinforcing institutional interest in the asset.

On the technical front, XRP is trading at $2.15, up 4.37% on the day, with a market cap of $125.25 billion. The 4-hour chart shows a confirmed breakout from a descending parallel channel. Price has reclaimed the 50-period EMA at $2.14, now acting as dynamic support. Momentum indicators are constructive, with the RSI at 55 signaling growing bullish strength without breaching overbought levels. A sustained move above $2.15 could trigger a rally toward $2.23, followed by $2.31. On the downside, initial support is seen at $2.02, with stronger demand expected around $1.96.

If XRP holds above the 50-EMA, bullish momentum could extend toward $2.58. However, failure to clear resistance near $2.23 may keep the asset range-bound. Despite the structural support, short-term sentiment remains mixed. Analysts suggest that regulated futures may attract long-duration capital, providing better liquidity and more efficient price discovery. This could potentially drive XRP’s price above $3 in the coming months, although this remains speculative and depends on various market factors.