XRP is at a crossroads as it faces its longest losing streak since 2014, with the token suffering six consecutive monthly losses. Since hitting a staggering $3.65 in July, it has plummeted over 60%, with recent trading experiencing a dip from $1.37 to $1.33, as sellers continue to capitalize on every rally near the critical resistance level of $1.38.
Despite this challenging landscape, there are glimmers of hope for XRP enthusiasts. Ripple-linked ETF products saw a shift with $3.32 million in inflows, a stark contrast to March’s outflows. While the inflows have not yet reversed the overall downtrend, they indicate a potential change in market sentiment.
Whale accumulation has also reached a ten-month high, with over 11 million XRP being added daily by large wallets, according to data from CryptoQuant as of April 6. This indicates that the whales might be positioning themselves ahead of a potential recovery.
For XRP to break its downtrend, it needs to close above $1.33 this month. The anticipated passing of the CLARITY Act, which aims to classify XRP as a digital commodity under U.S. law, could serve as a catalyst for the token’s resurgence. Moreover, Bitcoin’s rebound could provide the necessary momentum for XRP to follow suit.
The decline in XRP’s value began in October 2025, triggered by the sweeping impacts of former President Trump’s announcement of a 100% tariff on all China imports. This led to the largest single-day liquidation in crypto history, wiping out over $19 billion in leveraged positions in a mere 24 hours. In the days that followed, XRP suffered a drop from above $2.80 to below $2.00, heralding a tumultuous market environment.
Recovery attempts seen in late 2025 fell prey to ETF outflows and waning institutional confidence, with external geopolitical tensions further complicating the landscape. The ongoing conflict in Iran and surging oil prices prompted the Federal Reserve to elevate its inflation forecasts, driving institutional investors away from risky assets.
Further investor-driven selling pressure added to XRP’s woes, particularly as approximately 60% of the circulating supply is currently held at a loss. Every time the price approached the $1.44 average cost basis, many underwater investors opted to sell, leading to consistent price rejections.
Sellers Maintain Control as Resistance Looms
Recent trading dynamics reveal that XRP has dipped from $1.37 to $1.33. The decline picked up momentum after facing reflective resistance near $1.38, confirmed by significant selling pressures. By the end of trading, XRP grazed $1.31 before stabilizing marginally, though recovery efforts seem feeble.
A bearish trend line persists with resistance marked at $1.3550, and XRP continues to trade below the 100-hourly Simple Moving Average. Disturbingly, rising volumes alongside falling prices indicate a potential distribution trend, making conditions precarious for any significant rebounds.
Support remains crucial with immediate levels at $1.33 and a pivotal point at $1.28. Given the thinning exchange liquidity, the risk of sharp price movements is heightened.
Whale Accumulation Signals Potential Upside
In a rare positive turnaround, XRP led the crypto market in ETF inflows last week, accumulating around $120 million. This inflow surge offers a glimmer of hope as Bitcoin’s price gains traction, surpassing $71,000. Currently, XRP finds itself trading above $1.35.
XRP ended March at $1.33, and a monthly close above this price point may spell the end of its prolonged losing streak. As we approach crucial legislative developments, many eyes will be on the impending Senate Banking Committee meeting slated for late April.
