XRP Dives on Seller Dominance Amidst Ripple Tokyo Event
Ripple (XRP) price has continued to fluctuate, trading at $1.31 on Tuesday amid a sharp decline in trading volume, underperforming the broader crypto market.
The market anticipates Ripple’s XRP Ledger conference in Tokyo, Japan, on Tuesday to boost optimism, with crypto analysts setting a higher target price.
At the current market price, the token is trading below its key resistance level of $1.60. XRP has inched near $1.60 before pulling back amid ongoing geopolitical concerns that are dragging investors’ enthusiasm.
Trading data showed that the XRP price dived 3% over 24 hours amid multiple selling pressures, with top cryptocurrencies including Bitcoin, Ethereum, and BNB trading lower on Tuesday.
Trading volume is down 20% on the day to $1.59 billion amidst sustained selloffs driven by fear. Middle East tensions remain a key driver of negative crypto market performance, but some dip buyers continue to increase positions on the sidelines.
XRP maintains its position as the fourth-largest digital asset by market capitalisation, at $82 billion. While its price movement says a lot about its position, the crypto market is currently governed by fear.
Without token-specific catalysts, the price has been fluctuating between highs and lows, trailing most crypto market analysts’ price targets. At the current price of $1.30, XRP’s news paints a picture of regulatory progress clashing with short-term price pressures.
In March 2026, U.S. regulators made a landmark move. The SEC and CFTC issued joint guidance officially classifying XRP and similar blockchain assets as digital commodities, placing them outside securities regulation.
This federal acknowledgement is a first and resolves a core dispute that has clouded XRP for over a decade. Following this clarity, spot XRP ETFs have attracted over $1 billion in net inflows, and institutions surveyed plan to increase their XRP allocations.
On April 7, XRP’s price rallied to but was rejected at the $1.35 resistance level, falling about 2% to $1.31. Technical analysis indicates that thinning order books on major exchanges like Binance mean large trades can now move the price more easily, increasing the risk of a sharp directional break.
Furthermore, rising open interest as the price falls suggests traders are building new short positions, which can reinforce downward momentum. This creates a neutral-to-bearish short-term price setup for XRP. The failed breakout shows selling pressure is dominant at current levels.
XRP is at a crossroads where foundational regulatory wins are colliding with precarious short-term market structure. The key question now is whether the newly cemented regulatory clarity will attract enough sustained buying to overpower the current technical weakness and thin liquidity.
XRP Tokyo 2026 is Asia’s largest conference dedicated exclusively to XRP and the XRP Ledger, hosted by XRPL Japan. It brings together institutional players, developers, and builders to discuss XRP’s expanding role in RWA tokenisation, DeFi, and global payments.
XRP Tokyo 2026 takes place on April 7 at Happo-en, bringing together 3,000+ attendees, 20+ speakers, and Ripple’s senior leadership for Asia’s largest conference dedicated exclusively to XRP and the XRP Ledger.
Ripple is the event’s title sponsor and is sending senior leadership, including Christina Chan, Tatsuya Kohrogi, and Markus Infanger. J. Ayo Akinyele, Head of Engineering at RippleX, is also confirmed to speak. Gold Hovers Around $4,650, Silver Trades at $73
