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    MarketForces Africa » MarketForces News » XRP Price Predicted to Rise on Bullish Supply Signal
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    XRP Price Predicted to Rise on Bullish Supply Signal

    Julius AlagbeBy Julius AlagbeApril 26, 2026No Comments3 Mins Read
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    XRP Price Predicted to Rise on Bullish Supply Signal
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    XRP Price Predicted to Rise on Bullish Supply Signal

    Ripple (XRP) is hovering around $1.42 over the last 24 hours across the cryptocurrency market after a failed attempt to break its resistance level.

    Trading volume has fallen sharply amid geopolitical tensions, though Bitcoin has maintained positive price momentum, topping $78k.

    According to trading data from crypto exchange CoinMarketCap, XRP trading volume declined by approximately 42% to $1.12 billion, keeping the price range tight.

    Hence, Ripple’s XRP market value has reduced to $88 billion, still above Binance Coin (BNB) valued at $85 billion.

    XRP saw nearly 35 million tokens leave exchanges in 24 hours, the sixth-largest daily outflow this year, which many read as a potentially bullish supply signal.

    Around 34.9 million XRP left centralised exchanges in a single day, mostly from large holders, marking the sixth-largest daily outflow of 2026.

    Similar outflow spikes in February and March preceded XRP price rebounds of roughly 20 per cent to 50 per cent, but derivatives positioning still shows many traders are bearish.

    On-chain data from Santiment shows that about 34.9 to 35 million XRP were withdrawn from exchanges in a single 24-hour window, described as the sixth-largest daily outflow this year.

    Reports note that this outflow occurred across the XRP Ledger at major venues, with Binance responsible for a large share, and whale wallets driving roughly 94.4 per cent of those withdrawals.

    Media coverage highlights this as part of a broader pattern of heavy XRP outflows from exchanges since February, when Evernorth tracked around 7 billion XRP in net outflows that month.

    A large whale-led move of coins off exchanges usually signals fewer tokens immediately available to sell and more being parked in self-custody or longer-term positioning.

    Historically, similarly sized outflow spikes in February and March were followed by XRP price rallies of roughly 20 per cent to 50 per cent, according to analyses cited by outlets like Cointelegraph and CryptoBriefing.

    At the same time, XRP ETFs have seen several days and even weeks of net inflows, with US-listed products reportedly holding around 1.1 billion dollars in XRP, reinforcing the idea that institutional demand is absorbing supply.

    However, derivatives data on venues such as Binance still shows negative funding and a tilt toward shorts, meaning many traders are positioned for downside despite the on chain accumulation.

    The outflow pattern leans bullish, but it is not a guarantee, especially while futures traders are still paying to stay short.

    Traders watching this narrative typically focus on three areas. First, whether exchange outflows stay elevated in the coming days or quickly revert, since sustained net withdrawals would strengthen the supply squeeze thesis.

    Second, whether XRP can hold nearby supports around recent consolidation levels and break above resistance zones that analysts cluster in the mid 1 dollar range.

    Third, ETF flows and regulatory or policy headlines, such as progress on US clarity bills, could amplify or undercut the current accumulation trend.

     If outflows and ETF inflows continue while price holds support, the setup favours an eventual upside break, but a sharp reversal in flows or a loss of key levels would weaken that case.

    XRP’s sixth-largest daily exchange outflow this year points to whales and ETFs pulling supply off exchanges, while price is still battling resistance and facing short-heavy derivatives positioning.

    The combination can be constructive if the outflow pattern persists and support holds, but the signal remains probabilistic, not certain, so the most practical approach is to monitor flows, levels, and catalysts rather than treating this as an automatic buy signal.

    XRP Price Slides to $1.43

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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