- XRP price hovers above $1.50, a four-week high.
- The Ripple cryptocurrency is up amid gains for Bitcoin.
- Traders are bullish despite $76 million in fund outflows last week.
XRP price rose to highs of $1.50 on Monday as corporate developments at Ripple and the broader market dynamics fueled bullish bets on the token.
Bulls’ resilience around $1.30 looks to be paying off as gains over the past week rise to double digits, with XRP hitting a market cap of over $90 billion despite recent outflows from Ripple-tied investment products.
While current market conditions could curtail momentum, the gains seen over the past week suggest buyers may have room to test sellers’ resolve above $2.00.
XRP price hits $1.50 – why is it surging?
XRP is currently holding onto gains of around $1.50 after top altcoins mirrored Bitcoin’s surge earlier in the day.
As BTC climbed to above $74,000 and Ethereum pumped toward $2,300, XRP edged higher to reach prices last seen in mid-February 2026.
Gains align with a pivotal boost that came from reports of Ripple launching a $750 million share buyback program.
The move offers early investors and employees a liquidity exit at a staggering $50 billion valuation as Ripple bids to stay private.
Fund flows not so encouraging
The past month has not been good for Ripple’s cryptocurrency in terms of attracting institutional interest in XRP investment products.
CoinShares notes that XRP saw over $76 million in capital exits from related digital asset investment products last week.
More than $133 million has exited XRP funds in the past month, leaving year-to-date flows at just over $19 million.
The cryptocurrency’s total assets under management currently stand at $2.4 billion.
XRP price technical outlook
Despite the recent outflow streak, speculative confidence has pushed open interest up.
Macroeconomic and geopolitical tensions from the ongoing Iran war aside, the Ripple coin could eye a retest of the $2.00 level.
On the bullish side, momentum could accelerate if Bitcoin rides energy sector uncertainty to above $80,000.
Technical indicators point to XRP’s readiness for an explosive uptick, with Bollinger Bands showing unprecedented compression reminiscent of record levels from 2024.
Often, such an outlook aligns with major volatility spikes across the ecosystem.
Trading in the $1.41-$1.50 region means bulls need a decisive break above $1.60 to unlock a short-term rally.
Bulls’ target amid this uptick will be $3.00.
The probability that XRP bulls flip resistance near current prices into support nonetheless hinges on broader market conditions.
In case buyers fail to hold $1.40, key support levels on the downside might include $1.31 and $1.20.
