XRP’s price has fallen to approximately $1.33 after failing to maintain recent gains, indicating persistent selling pressure in the market. Despite a slight uptick in inflows, the overall sentiment remains bearish, suggesting that traders are using price rallies to exit their positions rather than to invest further.
Ripple-related products experienced $3.32 million in ETF inflows, a notable change from the outflows seen in March. However, this influx has not been sufficient to stabilize XRP’s price, which continues to face challenges. Additionally, liquidity on exchanges has sharply decreased, raising the risk of significant price fluctuations if critical support levels are breached.
On the price action front, XRP dropped from $1.37 to $1.33, with the decline accelerating after facing resistance near $1.38. High-volume selling confirmed this downward trend, as XRP struggled to maintain levels above $1.35, ultimately forming lower highs as trading closed. A late-session spike pushed XRP down to $1.31 before a brief stabilization, but attempts to recover have remained weak.
Technical indicators reveal a concerning trend, with rising trading volume coinciding with falling prices, suggesting a distribution phase rather than accumulation. The repeated rejections around the $1.37 to $1.38 range highlight the heavy supply at these levels. XRP has also underperformed compared to the broader market, indicating a shift of capital away from the token.
Traders are advised to monitor the immediate support level at $1.33, with a more critical level at $1.28. A breakdown below $1.28 could lead to accelerated losses. Conversely, XRP would need to reclaim $1.35 and subsequently $1.38 to alter the short-term momentum. Until these levels are reclaimed, the outlook remains one of weak recoveries within an overarching downtrend.
XRP's price has dipped to $1.33 amid ongoing selling pressure, despite recent ETF inflows. The market sentiment remains weak, with critical support levels to watch for future movements.