XRP Price Dips on Profit-Takings, Stalled ETF Inflows
XRP price retreated by 3% to $1.42 amid a stalled exchange-traded fund (ETF) driven by a technical breakdown at key support levels amid a risk-off shift in crypto capital.
The decline was supported by broader market pullback and technical breakdown, as XRP followed Bitcoin’s dip and broke below its short-term bullish trend line.
XRP’s decline aligns with a 1.84% drop in the total crypto market cap and a dip in Bitcoin. This move was exacerbated by a technical breakdown on the hourly chart, where XRP broke below a bullish trend line with support at $1.4240.
During early trading hours, the token reacted positively to news that Evernorth Holdings reported a significant trend of XRP leaving centralised exchanges, with 7 billion XRP withdrawn since February 2026.
Large holders have been accumulating nearly 11 million XRP daily in early April, and wallets holding 1,000–100,000 XRP have reached an all-time high of 1.1 million.
This activity often precedes a reduction in immediate selling pressure. Crypto analysts said this is bullish for XRP because sustained accumulation by whales can create a supply shock on exchanges, potentially laying the groundwork for upward price momentum if demand increases.
The price is now trading below its 100-hour average, confirming a short-term bearish structure. The move was not driven by a single negative catalyst but by a combination of broader market cooling and a failure to hold a key technical level, triggering sell-offs.
Investors are advised to watch whether Bitcoin will stabilise above $76,500, as its direction will heavily influence XRP’s near-term path.
Institutional momentum paused, with U.S. spot XRP ETFs seeing $0 inflows on April 22 after a strong week of buying. The absence of fresh institutional buying removed a key support pillar, while the broader market’s risk-off tilt added selling pressure.
The immediate structure is bearish below the $1.4375 resistance. If selling pressure continues, a retest of the major support at $1.40 is the base case. A decisive break below $1.40 could extend losses toward $1.3840.
For a trend reversal, XRP needs to reclaim $1.4450, which would open a path toward $1.4550. The upcoming Ripple-sponsored XRP Las Vegas event, scheduled for April 30–May 1, could be a concrete catalyst for renewed positive sentiment. T
raders said the bias is negative in the very short term, but the broader uptrend from early April remains intact above $1.37. Oil Tops $102 over Unsettle Middle East Tensions
