The cryptocurrency market underperformed over the weekend, but has turned things around since late Monday.
Bitcoin is trading above $71,000, while Ether is approaching $2,200.
Meanwhile, Ripple’s XRP has overtaken BNB to become the fourth-largest cryptocurrency by market cap.
Momentum indicators for XRP are bullish, and it could extend its rally towards $1.50 in the near term.
XRP rallies as Trump delays strikes on Iran
XRP is up by 4% in the last 24 hours and is now trading at $1.42, aligning with the overall trend in the market.
It has reclaimed its fourth position in the market after outperforming Binance’s BNB over the last few days.
The positive performance comes after President Trump directed the Department of War to suspend attacks on Iran’s power plants and energy infrastructure, citing productive talks between the two nations.
The president added that discussions will continue throughout the week to resolve hostilities in the Middle East.
“I am pleased to report that the United States of America and the country of Iran have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East,” the president posted on his social media platform, Truth Social.
In addition to that, US-listed XRP spot Exchange-Traded Funds (ETFs) attracted minor inflows of $1.98 million following two days of muted activity.
Furthermore, cumulative inflows now read $1.21 billion, while net assets stand at $1.01 billion.
Inflows often support a positive outlook for XRP by shaping sentiment as risk appetite improves.
XRP eyes the $1.50 psychological level
The XRP/USD 4-hour chart remains bearish and efficient despite XRP reclaiming a key support level on Monday.
The near-term bias remains neutral despite adding 4% to its value in the last 24 hours.
Currently, XRP is trading below the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs).
These levels could serve as resistance regions in the near term, limiting the recovery efforts.
Momentum shows growing upside pressure. The Moving Average Convergence Divergence (MACD) green histogram bars indicate that the buyers are now stepping in.
The Relative Strength Index (RSI) on the 4-hour chart at 49 stays near neutral territory, reinforcing a consolidative tone rather than a sustained breakout.
If the bulls remain in control, they could take out Monday’s high of $1.468 over the next few hours.
This will be followed by a more important barrier around $1.54, the latest swing high that failed beneath the descending trend line.
A daily candle close above $1.54 would be needed to challenge the broader bearish framework and allow the bulls to take a run at the $1.67 resistance zone.
However, if the bears regain control, they will likely retest the $1.40 resistance-turned-support level.
A break below this level would open the way toward the $1.36 intraday low and then $1.32, where prior reaction lows emerge as the next demand areas.
Losing the $1.32 support level would reassert the bearish dominance and potentially drag XRP back toward the psychological $1.12 region.
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