XRP has been trading between $1.30 and $1.33 as of early April 2026, marking a significant decline of over 60% from its all-time high of $3.65 recorded in July 2025. This protracted downturn reflects ongoing challenges in the cryptocurrency market, yet recent on-chain data indicates a growing interest from wealthy investors, often referred to as ‘whales.’
Despite the current price correction, the XRP Ledger (XRPL) has achieved an impressive milestone, reaching a total of 8,189,798 addresses as the network continues to expand. This increase of 3.39% in the first quarter of 2026 highlights a growing user base and ongoing interest in the blockchain technology underpinning XRP.
Among the notable trends is the rise in ‘millionaire wallets’—addresses holding over 1 million XRP. This marks the first increase in such wallets since September 2025, suggesting that large investors are taking advantage of the lower price to bolster their holdings.
Analysts speculate that the current price movement may lead to a pivotal breakout, particularly as XRP has recently breached a key bearish trend line around $1.3085. Currently, the price is holding steady above the 100-hour Simple Moving Average, though it faces resistance at $1.35. A sustained close above this level could propel prices toward $1.40 and possibly higher.
Looking ahead, all eyes are on the U.S. Senate as it prepares to consider the CLARITY Act in April 2026. Should this legislation pass, it could officially classify XRP as a digital commodity, a move potentially seen as a significant catalyst for a recovery in its price, possibly pushing it into the range of $1.65 to $1.80.
The XRP market is undoubtedly filled with uncertainty as it sits at nearly 60% below its all-time high. However, with billion-dollar wallets amassing during this dip, and critical legislative changes on the horizon, XRP investors remain hopeful for a turnaround. As of April 6, XRP’s price stability above the $1.33 mark provides a glimmer of optimism amidst the current bearish trend.
