XRP price slipped back toward $1.33 after another failed push above $1.38, even as Ripple-linked ETF products posted fresh inflows of $3.32 million. That mix captured the market’s current tension. On one side, new capital returned after the March outflows. On the other hand, sellers kept control as rallies attracted exits instead of follow-through buying. Consequently, XRP price stayed trapped in a weak structure, with nearby support under pressure and upside attempts fading quickly.
XRP Price Loses Traction After Another Rejection
The latest move began with a modest recovery attempt that carried XRP from the low $1.30 area toward $1.38. However, buyers failed to defend those gains. Selling pressure increased near that resistance zone, and the market turned lower again. XRP then fell from about $1.37 to $1.33, with the decline speeding up after the rejection near $1.38.
That price action matters because it repeated a pattern seen in recent sessions. Each bounce toward $1.37 or $1.38 has met strong supply. As a result, XRP price has built a series of lower highs. That pattern usually signals that sellers continue to act more aggressively than buyers. Moreover, the token could not stay above $1.35, which added to the short-term weakness.
Late in the session, volatility pushed XRP down to roughly $1.31 before it found brief stability. Even then, the rebound lacked force. Buyers showed little urgency, and the market failed to reclaim lost ground in a meaningful way. Hence, the latest stabilization looked more like a pause than a reversal.
XRP Slides Despite Fresh Ripple ETF Inflows
Ripple-linked exchange-traded products recorded $3.32 million in inflows, marking a shift from March, when flows turned negative. That improvement offered a constructive signal on the surface. Additionally, it suggested that some market participants had started to test the waters again after weeks of softer sentiment.
Still, the inflows did not change the market’s tone. XRP price continued to slide despite that support. That divergence hinted at a deeper issue. Fresh money entered the broader product category, yet the spot price did not respond with strength. Consequently, traders appeared more focused on reducing exposure than building new positions at higher levels.
This behavior often shows up during uncertain phases. Market participants may welcome inflows as a positive backdrop, but they still wait for clearer evidence before chasing price higher. Besides, when price fails to react to good news, that usually reveals an overhang of supply. In XRP’s case, that supply remains visible around the $1.37 to $1.38 region.
Volume Trends Point to Distribution, not Accumulation
Volume was the most significant indicator of the recent downturn. The activity in selling increased when XRP price decreased. This mixture is more likely to indicate dispersion than concentration. Simply put, the stronger hands seem to offload positions through rallies, and buyers have difficulties absorbing that supply.
The trend also justifies why the market has not been performing as well as many other digital assets. The money has shifted to other places, and XRP is not able to gain the energy to overcome the resistance. Further, the price is lower than significant moving averages, which support the overall downward pattern on the graph.
Liquidity in the exchange has also been drained. That fact may influence the next big step. When liquidity is thin, price movements may be more pronounced when support or resistance is violated. Thus, a clean move below a critical level may result in an accelerated slippage than normal. Similarly, a powerful break above resistance may compel short-term repositioning.
Technical Levels Tighten as Momentum Stays Mixed
Bollinger Band positioning shows XRP price trading in the lower half of its recent range. That placement keeps pressure on the downside, while resistance stays clustered overhead. The first notable resistance level sits near $1.3530. Above that, the upper band area around $1.4272 becomes the next major hurdle.
On the downside, support stands near $1.2787, which aligned with the lower band during the latest session. That level now carries extra importance because the market has already drifted close to it. If price breaks that area below, sellers could regain stronger control and expand the downside move.
Source: TradingView
The Relative Strength Index added another layer to the picture. RSI printed 44.04, while its moving average stood at 41.42. Those readings showed some stabilization, but they still kept momentum below the neutral 50 line. Therefore, XRP price has not yet regained a bullish footing. Bulls need a sustained move above resistance to improve the setup. Until that happens, the token remains stuck in a compressed range with mixed signals.
Liquidations Show Pressure on Leveraged Longs
The derivatives market told a similar story. On the 12-hour chart, long liquidations repeatedly exceeded short liquidations. The largest long wipeout reached about $5.92 million, while major short liquidations came in near $5.0 million. That gap revealed where the market absorbed the most pain during the recent swings.
Source: Coinglass
XRP price traded mostly between $1.20 and $1.50 during those liquidation events. Midway through the chart, price climbed near $1.50 before easing back toward $1.30. More recently, liquidation spikes became smaller, though one late short liquidation still reached about $3.3 million. Even so, the price remained pinned between roughly $1.30 and $1.35.
This setup suggests that leverage has cooled, but conviction remains limited. Bulls still need stronger buying to lift XRP price toward $1.40 and then $1.50. Bears, meanwhile, need renewed selling pressure to drive the token back under $1.20. Until one side gains traction, the market may continue to churn in a narrow but fragile band.
Funding and Open Interest Reflect a Reset Phase
The 8-hour OI-weighted funding rate chart added more evidence of a reset. Funding stayed near zero for months, with only brief moves into positive or negative territory. Early December showed the strongest positive spike, but those conditions faded long ago. Over the last 24 hours, funding bars remained slightly below zero.
Source: Coinglass
That reading suggested a cautious derivatives backdrop. Price stayed near recent lows, and rebound attempts remained limited. Significantly, weak funding alongside soft price action often means traders have not rebuilt confidence after an unwind. That appears to be the case here.
CryptoQuant analyst Amr Taha linked much of that recent reset to Binance activity. On April 7, Binance posted a 24-hour open interest change of -$19 million. That figure nearly matched the -$20 million change recorded on March 27. According to that analysis, the market has reduced excess leverage without creating a clear bullish reversal.
Source: CryptoQuant
Broader open interest trends support that view. XRP derivatives open interest across exchanges climbed above $1 billion on March 16, then fell sharply as price weakened. By the end of March, open interest had dropped to $807 million. It has since recovered modestly to $856 million, which shows some return in activity. However, that figure still sits well below the mid-March peak.
Binance saw the steepest contraction among major venues. Its XRP open interest dropped from $519 million on March 16 to $370 million within days. That $150 million slide underscored how aggressively leverage came out of the market.
Final Take
For now, XRP price faces a simple but critical map. Immediate support sits near $1.33, while the more important floor remains around $1.28. A break below $1.28 could open the door to a faster downside extension, especially with liquidity still thin.
On the upside, buyers need to reclaim $1.35 first. After that, they need a clean move above $1.38 to shift short-term momentum. Without those recoveries, each bounce may continue to draw selling pressure. Consequently, the current setup still looks like a series of weak rebounds inside a broader downtrend.
