XRP (XRP) Price Under Pressure as ETF Withdrawals and Network Activity Signal Bearish Trend

Key Highlights

• XRP pierced crucial $1.31 support zone, sliding to an intraday low of $1.2801 with a 4% decline over 24 hours
• Network participation on the XRP Ledger plunged 42% to approximately 18,000 active addresses on Wednesday
• Exchange-traded funds tracking XRP saw $1.32 million in withdrawals Wednesday, adding to Monday’s $2.3 million exodus
• Technical analyst CasiTrades forecasts a potential slide toward the $1.05–$1.09 zone
• Bearish sentiment reflected in negative funding rates while open interest climbs higher

XRP is hovering around the $1.30 threshold following a breach of the $1.31 support barrier on April 3, 2026. The digital asset touched an intraday floor of $1.2801, representing a 4% pullback within a single day, based on CoinMarketCap statistics. Transaction volume surged more than 23% throughout the downturn, signaling robust market engagement during the breakdown.

XRP’s recovery effort at the start of the week faltered around $1.37 on Monday. Following that rejection, the price has consistently moved lower, penetrating multiple near-term support thresholds.

The digital asset is now positioned beneath its 20-day, 50-day, and 200-day exponential moving averages (EMAs). The 50-day EMA is located around $1.44, whereas the 200-day EMA stands near $1.89 — both significantly above present valuation.

The MACD oscillator has crossed beneath its signal line and entered negative territory. The RSI hovers around 38, sitting below the neutral 50 threshold, indicating subdued momentum while remaining outside oversold territory.

Network Engagement Collapses

Active wallet addresses on the XRP Ledger contracted by approximately 42% to roughly 18,000 on Wednesday, declining from close to 32,000 recorded on Tuesday. Information from CryptoQuant reveals that address engagement has stayed depressed since early February, showing only sporadic upticks.

Diminished participant activity typically translates to reduced demand and undermines upward price momentum.

Investment Vehicle Withdrawals Intensify Selling

Exchange-traded products tracking XRP experienced withdrawals totaling $1.32 million on Wednesday. This came after Monday’s $2.3 million in redemptions, based on SoSoValue tracking. Tuesday’s activity remained subdued.

These back-to-back redemptions indicate waning institutional appetite for XRP exposure in the near term.

Technical analyst CasiTrades identified the $1.31 breakdown as a significant bearish development. Her analysis points to a potential descent toward the $1.05–$1.09 corridor, with a secondary downside target at $0.87, which she characterizes as the final substantial support within a broader pullback pattern.

Data from CoinGlass reveals substantial liquidity concentration in the $0.90–$1.10 corridor, which frequently attracts price during steep selloffs.

Funding rates in XRP derivatives markets flipped negative at -0.0087%, signaling that market participants are positioned for further declines. Open interest increased more than 1.3%, while futures volume expanded to approximately $3.34 billion. Spot market volume remains comparatively muted, suggesting leveraged positions are the primary driver of current volatility.

Critical resistance barriers stand at $1.3240 and $1.3340. A sustained move above $1.3340 might unlock upside toward $1.35 and $1.3650. Conversely, $1.2880 and $1.2750 represent the immediate downside support targets.

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