XRP Price Jumps 5% Ahead of Japan Conference
Ripple (XRP) price jumped by 5% over the last 24 hours to $1.35, closely tracking a broad market rally driven by a risk-on shift amid geopolitical optimism.
The positive price movement on Monday is amplified by strong whale accumulation beneath the surface and technical resilience above $1.30 ahead of Japan conference.
Ripple executives have arrived in Japan to attend the XRP Tokyo 2026. The conference is scheduled for April 7, 2026, and will be hosted by XRPL Japan.
The event focuses on XRP’s rapid expansion into financial areas, including institutional investor adoption, RWA tokenisation, and DeFi.
Crypto analysts predict that information-driven buying will boost the token’s price, as several Ripple executives are expected to speak at the event.
While these factors lay the groundwork for a potential upward move, the token awaits a decisive catalyst—such as a breakout above $1.35 or concrete regulatory progress—to define its next trend.
Based on trading data from crypto exchanges, XRP’s gain mirrors Bitcoin’s (+3.92%) and the total crypto market cap’s rise (+3.35%), with a significant improvement in volume and trade dominance.Â
Optimism in the crypto market rose amid reports of a potential U.S.-Iran ceasefire, boosting risk sentiment across assets.
A slew of crypto analysts affirmed that XRP moved in lockstep with the market, indicating the rally was not driven by coin-specific news but by a macro relief bounce.
On-chain data cited by CoinGape shows XRP whale accumulation at a 10-month high, with over 11 million XRP bought daily. This coincides with anticipation for the XRPL Japan conference, which starts on April 7.
Large holders are positioning bullishly ahead of potential news on institutional adoption, providing underlying buy-side pressure.
XRP faces immediate resistance at the $1.35 level (coinciding with the 78.6% Fibonacci retracement). A daily close above this could propel a test of $1.40. The key near-term catalyst is the U.S. CPI report on April 10, which will dictate broader market direction. Support sits at $1.28.
The short-term bias is cautiously bullish if $1.35 breaks, but the move remains vulnerable to macro data. XRP’s gain is a combination of a macro relief rally and supportive on-chain accumulation, though it remains within a broader consolidation range.
XRP trading volume has increased by 72%, supporting further price rebound as its price recovers from a 7-day low of $1.28 to hover around $1.35. Crypto analysts said the token has strong upside potential, with a one-month price target between $1.45 and $1.60.
Spot XRP ETFs have pulled in over $41 million in net inflows in 2026. This happened even as the XRP price remains nearly 40% down over the past year, highlighting whales’ confidence.
