XRPUSD Dips to $1.40 as Buying Momentum Eases
Ripple (XRPUSD) dipped to $1.40 over the past 24h, closely tracking a broader market pullback driven by renewed geopolitical uncertainty. XRP price had hit $1.50 before it faced technical rejection.
More than a specific bearish touch, the token price move reflects a risk-off shift across crypto as traders digest conflicting reports on Middle East tensions.
Investors witnessed a broader market sell-off led by Bitcoin, triggered by mixed geopolitical signals around the Strait of Hormuz and U.S.–Iran negotiations.
XRP’s decline mirrors Bitcoin’s 1.78% drop, as the entire crypto market turned risk-off. Conflicting reports about the reopening of the Strait of Hormuz and the status of U.S.–Iran talks created uncertainty, prompting profit-taking across assets.
Despite recent positive ETF inflows, XRP’s funding rates on Binance have stayed negative, signalling that traders are still paying to hold short positions.
U.S. spot XRP exchange-traded funds recorded over $55 million in net inflows for the week ending April 19, marking their strongest weekly performance in three months.
According to crypto analysts, this surge was part of a broader crypto ETF rally, during which Bitcoin and Ethereum funds also saw significant capital inflows.
Technically, the XRP price failed to hold above the 38.2% Fibonacci retracement at $1.42, with volume declining by 0.45%, indicating weak buying conviction.
Underlying bearish positioning in derivatives and a lack of volume-supported breakout contributed to the sell-off.
The immediate catalyst is geopolitical resolution. If tensions ease, XRP could target the $1.45 pivot point. However, the 61.8% Fibonacci level at $1.37 is critical support; a daily close below it could trigger a drop toward $1.33.
The trend is neutral-to-bearish in the very short term, hinging on macro sentiment and key technical holds. Price action around $1.37 support, and any shift in the average funding rate from negative to positive.
XRP’s 24h drop was a beta-driven move amid geopolitical noise, exacerbated by persistent bearish derivatives positioning. The coin needs to reclaim $1.45 to shift momentum.
The U.S. Securities and Exchange Commission has officially scheduled a roundtable for April 16, 2026, to discuss the CLARITY Act. This legislation aims to determine which federal regulator—the SEC or the CFTC—will oversee digital assets such as XRP.
This is a neutral-to-bullish development for XRP. While the event is future-dated, it represents a concrete step toward resolving the long-standing regulatory ambiguity that has weighed on the asset. Clearer rules could reduce legal risk for institutions and foster greater adoption.
