Key Highlights
- XRP has experienced six straight months of decline, marking the longest bearish streak since 2014, with losses exceeding 60% from the $3.65 peak.
- Price action moved from $1.37 down to $1.33, as market participants continued selling pressure at the $1.37–$1.38 resistance area during rally attempts.
- ETF products connected to Ripple recorded $3.32M in capital inflows, representing a change from March’s withdrawals, though insufficient to halt downward momentum.
- Large wallet holders accumulated more than 11 million XRP daily based on 30-day averages through April 6, per CryptoQuant analytics.
- A monthly close exceeding $1.33 would terminate the losing sequence, with the CLARITY Act and Bitcoin’s upward movement identified as possible growth drivers.
XRP has recorded six consecutive months of declining value, representing the longest bearish period for the digital asset since 2014. The token has shed over 60% from its cycle peak of $3.65 achieved last July. Although brief momentum carried price toward $1.40, selling pressure has maintained downward force.
The downward trajectory began in October 2025 following Trump’s announcement of 100% tariffs on Chinese goods, which sparked the most significant single-day liquidation event in cryptocurrency history. More than $19 billion in leveraged positions dissolved within 24 hours. XRP tumbled from above $2.80 to beneath $2.00 during the subsequent days.
Attempts to regain ground during November and December faced headwinds from ETF capital withdrawals and diminishing institutional appetite. Late February 2026 brought escalating tensions involving Iran, sending oil prices beyond $100 following the closure of the Strait of Hormuz.
The Federal Reserve adjusted its inflation projections upward, prompting institutional capital to exit higher-risk investments. Positive developments for XRP throughout 2026—commodity designation, ETF capital inflows, and Ripple partnership reveals—proved insufficient against broader economic headwinds.
Selling pressure from existing holders compounded the decline. Approximately 60% of XRP’s circulating tokens remain underwater relative to acquisition costs. Each time price approached the $1.44 average entry point, holders at a loss executed exit strategies. This behavior repeated consistently from November through March.
Resistance Zone Maintains Selling Pressure
Hourly chart analysis shows XRP declined from $1.37 to $1.33, with accelerated downward movement following rejection near $1.38. Elevated trading volume accompanied the sell-off. Price briefly touched $1.31 before modest stabilization occurred, though recovery efforts remained subdued.
A descending trend line has emerged with resistance positioned at $1.3550. XRP remains beneath the 100-hour Simple Moving Average. Increasing volume during price declines suggests distribution activity among holders.
Ripple-associated ETF vehicles attracted $3.32M in fresh capital, contrasting with March’s outflows. Exchange liquidity has decreased, elevating the potential for amplified volatility should critical support levels fail. Immediate support rests at $1.33, with a crucial threshold at $1.28.
Large Wallet Activity Reaches 10-Month Peak
CryptoQuant analytics dated April 6 reveal whale accumulation at levels unseen in 10 months. Major wallet addresses have absorbed over 11 million XRP daily based on 30-day rolling averages. Exchange withdrawals have intensified, contracting available supply for market sales.
XRP topped all cryptocurrency assets for ETF inflows during the previous week with $120 million. Bitcoin has advanced above $71,000 while XRP currently trades above $1.35.
XRP concluded March at $1.33. Any monthly close surpassing this threshold would conclude the six-month negative sequence. The CLARITY Act, which aims to establish permanent commodity classification for XRP under federal regulations, may advance if the Senate Banking Committee finalizes its review during late April.
