Bitcoin Rises Amid Optimistic Market Sentiment; XRP Shows Positive Momentum

Bitcoin (BTC) experienced a 2.7% increase, trading around $86,500 on Monday, driven by improved market sentiment following reports that upcoming tariffs expected on April 2 might be less severe than initially anticipated. Solana's SOL token also saw a significant rise, trading nearly 6% higher at $138. XRP demonstrated positive momentum, climbing 2.5% to $2.44, surpassing its 50-day simple moving average (SMA) after two weeks of positive price action. Technically, XRP's price started a fresh recovery wave above $2.250. There's potential for it to clear the $2.4650 resistance zone. If XRP fails to clear the $2.4650 resistance zone, it could start another decline. Initial support on the downside is near the $2.400 level and the trend line. The next major support is near the $2.350 level. Key economic indicators to watch include Friday's PCE reading and the Senate Banking Committee's hearing on March 27 with SEC and Comptroller of the Currency nominees.