XRP Price Climbs after Selloffs Break Key Support
Ripple (XRP) price climbed slightly, trading at $1.32 during early morning on Saturday, as the crypto market remains tight. XRP has gained about 2%, though trading volume remained depressed 1% to $2 billion.
Major cryptocurrency prices continue to fluctuate amid heightened pressure in the Middle East following the U.S. de-escalation move’s failure. XRP dipped below $1.30 briefly on Friday as sell pressure persisted, with Bitcoin experiencing significant selloffs.
Crypto analysts said XRP’s news is a tug-of-war between whale accumulation and regulatory anticipation, while price clings to a critical level.
Whales Withdraw $592 million from Exchanges, a major reduction in immediate sell-side supply, signalling potential accumulation.
According to the market report, approximately 442 million XRP, worth $592 million, was withdrawn from Binance and Coinbase by large holders on March 27 and 30.
This marks the strongest wave of whale outflows since early February, reducing readily available supply on major exchanges.
This is a neutral-to-bullish signal for XRP, suggesting large investors are moving tokens off exchanges, potentially for long-term holding.
Meanwhile, the U.S. SEC has officially scheduled a roundtable for April 16, 2026, to discuss the CLARITY Act. This legislation aims to resolve regulatory uncertainty over which agency oversees digital assets in the United States.
This is a bullish long-term development for XRP, as regulatory clarity is a major hurdle to institutional adoption. A clear framework could legitimise XRP’s use case in payments and potentially spur new institutional product launches.
XRP fell below $1.30, a key support level, after a broader market sell-off triggered by surging oil prices and geopolitical tensions. The token remains below its major moving averages, indicating a bearish technical structure.
This is a bearish short-term signal for XRP, as a break of $1.30 support could trigger a rapid move toward $1.10. The price action is currently driven more by macro risk-off sentiment than XRP-specific fundamentals. Cardano Gains on Mastercard Partnership, Google AI Quantum Ranking
