Key Highlights
- XRP breached the $1.31 threshold, descending to $1.2801 with a 4% decrease over 24 hours
- Network engagement on the XRP Ledger declined 42% to approximately 18,000 active addresses on Wednesday
- XRP exchange-traded funds witnessed $1.32 million in withdrawals on Wednesday, adding to $2.3 million on Monday
- Technical analyst CasiTrades projects possible decline to the $1.05–$1.09 zone
- Funding rates turn negative while open interest climbs, indicating sustained bearish pressure
XRP hovers around $1.30 following a breach of the $1.31 threshold on April 3, 2026. The cryptocurrency descended to $1.2801, representing a 4% loss within 24 hours, per CoinMarketCap figures. Trading activity surged more than 23% throughout the decline, demonstrating significant market engagement during the downward move.
XRP’s upward momentum earlier this week encountered resistance around $1.37 on Monday. Following that rejection, the asset entered a sustained decline, piercing through multiple near-term support zones.
The cryptocurrency currently trades beneath its 20-day, 50-day, and 200-day exponential moving averages (EMAs). The 50-day EMA rests around $1.44, with the 200-day EMA positioned near $1.89 — both considerably above present valuation.
The MACD indicator has crossed beneath its signal line and entered negative territory. The RSI registers near 38, positioned below the neutral 50 threshold, indicating subdued momentum while stopping short of oversold conditions.
Network Engagement Sees Significant Contraction
Active addresses across the XRP Ledger contracted by approximately 42% to roughly 18,000 on Wednesday, declining from nearly 32,000 on Tuesday. CryptoQuant metrics reveal that network participation has remained subdued since early February, with occasional isolated increases.
Reduced network participation typically diminishes buying demand and undermines upward price movement.
Exchange-Traded Fund Withdrawals Intensify Downward Momentum
XRP exchange-traded funds experienced withdrawals totaling $1.32 million on Wednesday. This came after $2.3 million in withdrawals on Monday, based on SoSoValue tracking. Tuesday demonstrated minimal movement.
These repeated withdrawals point to waning institutional appetite for XRP in the near term.
Technical analyst CasiTrades identified the $1.31 breach as a significant bearish development. She anticipates movement toward the $1.05–$1.09 area, with potential for a subsequent decline to $0.87, which she characterizes as the final substantial support within a broader retracement pattern.
CoinGlass metrics display concentrated liquidity pools in the $0.90–$1.10 territory, which frequently attract price during steep corrections.
Funding rates on XRP futures shifted negative to -0.0087%, reflecting trader positioning toward short exposure. Open interest climbed over 1.3%, while futures volume expanded to approximately $3.34 billion. Spot volume remains comparatively subdued, suggesting leveraged positions are currently influencing price movement.
Critical resistance zones to monitor include $1.3240 and $1.3340. A daily close above $1.3340 would establish a path toward $1.35 and $1.3650. Regarding downside targets, $1.2880 and $1.2750 represent the subsequent key support levels.
