XRP Gains 4% as Investors Rotate Capital to Altcoin
Ripple (XRP) gained 4% over the last 24 hours to $1.43 as capital rotated into altcoins amid a broader crypto market rally on Friday, reflecting an improved investor sentiment.
With about $88 million in market capitalisation, XRP has seen more than 20% increase in trading volume over the day, with total value approaching $3 billion.
XRP is at a technical inflexion point, with a convincing breakout battling against derivative event risk and lagging momentum compared to peers.
XRP’s 4% rise closely mirrors Bitcoin’s gain and the total crypto market cap’s +2.21% increase. This suggests the move was driven by broad market flows rather than a specific XRP catalyst.
The immediate trigger to watch is progress on U.S. crypto regulation, often cited by the community as the “Clarity Act.” Technically, the $1.42 level is a key pivot.
Crypto analysts said a decisive break above it could see a push toward the Fibonacci extension zone of $1.44–$1.46. Failure to hold $1.42 increases the risk of a retest of the $1.37–$1.39 support area, where the 50-day average and key Fibonacci retracements converge.
The short-term bias is cautiously bullish above $1.43, but the structure remains range-bound until a clear breakout occurs. The 24h gain aligns with a recovering broader market, but XRP needs a decisive break above $1.43 to signal stronger independent momentum.
Today, $8.85 million worth of XRP options are set to expire. The put/call ratio is low at 0.13, indicating traders are heavily positioned on calls (bullish bets).
However, the “max pain” price—where most options expire worthless—is $1.40, slightly below the current price of $1.43. This creates a neutral-to-bearish near-term risk. The low put/call ratio suggests excessive bullish sentiment, which can be a contrarian indicator.
On March 12, XRP gained 2.48% to $1.4, significantly underperforming Ethereum (+4.40%) and Solana (+4.83%). The rally in other major altcoins was driven by strong institutional inflows into spot ETFs, a tailwind that did not extend as strongly to XRP. XRP Trades at $1.36 as Ripple Sees First ETF Outflows
