Gate News, April 2026: The XRP price continues a pullback trend, down about 4%, and is currently trading in a tight range around $1.33. Although Ripple-related products recorded approximately $3.32 million in net inflows and ended the net outflow situation from March, selling pressure still dominates the market. Funds are more used for taking profit on bounces rather than new positioning, and the price structure continues to weaken.
Judging from the order-book performance, XRP previously repeatedly met resistance in the $1.37 to $1.38 range and failed to break through effectively, which triggered a wave of concentrated selling. The price then quickly fell to below $1.33 and briefly dipped to $1.31. Trading volume increased in tandem during the decline, suggesting the market is in a distribution phase rather than bottom-fishing. This clearly weighs on the near-term outlook.
On the liquidity front, reduced exchange depth heightens volatility risk. Once key levels are lost, the price may experience even more pronounced swings. At the same time, XRP’s overall performance lags behind major crypto assets, and clear signs of capital rotation are evident—some funds have moved to other sectors, weakening its bounce momentum.
From a technical structure perspective, the current price is still trading below the main moving averages, maintaining a downward trend. In the short term, the $1.33 support level is crucial. If it breaks, the next key support is around $1.28, and losing it may open further downside room. On the upside, only by reclaiming $1.35 and breaking above the $1.38 resistance zone can the short-term bearish bias possibly be changed.
Given the current market environment, XRP is more likely to alternate between weak bounces and a downward range-bound move. Traders should closely monitor changes in key price levels and how trading volume confirms them to determine whether a meaningful trend reversal is taking shape.
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