XRP (XRP) Sees Whale Accumulation Despite 60% Drop From Peak

April 6, 2026 CryptoExpert Uncategorized
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Blockonomics


Key Takeaways

  • XRP currently trades in the $1.30–$1.33 range, marking a decline exceeding 60% from its July 2025 all-time high of $3.65
  • Total addresses on the XRP Ledger have surged to a new milestone of 8.1 million
  • Wallets holding over 1 million XRP tokens are increasing for the first time since September 2025
  • Critical price resistance level stands at $1.35, with a breakout potentially driving momentum toward $1.40
  • The U.S. Senate is expected to vote on the CLARITY Act in April 2026, which could serve as a significant market catalyst

As of early April 2026, XRP maintains a trading range between $1.30 and $1.33, reflecting a sustained downturn from its peak valuation of $3.65 reached in July 2025. This decline translates to a value reduction exceeding 60% across approximately nine months of trading.

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XRP Price

While the token’s price has experienced significant contraction, blockchain metrics from CryptoQuant reveal that the XRP Ledger (XRPL) has achieved a new benchmark with 8,189,798 total addresses. This figure represents a quarterly growth rate of 3.39% during the first three months of 2026.

A notable shift in holder behavior has emerged: wallets containing 1 million or more XRP tokens have started increasing for the first time since September 2025. Market observers interpret this trend as evidence that major stakeholders are actively accumulating during the price weakness.

Additional network developments include the expansion of automated market maker pools on the XRPL to approximately 28,000. The ecosystem has also broadened its reach through strategic collaborations, including a notable integration with Mastercard’s payment infrastructure.

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Technical analyst ChartNerd (@ChartNerdTA) published commentary on X earlier this week, identifying XRP’s movement within a descending channel pattern characterized by progressively lower peaks and troughs. The analyst highlighted that the Relative Strength Index remains beneath neutral territory while trading volume lacks significant expansion, describing the action as “a weak continuation” instead of healthy consolidation.

Technical Analysis and Critical Price Zones

Recent price action shows XRP penetrating above a bearish trend line positioned at $1.3085 on the one-hour timeframe, subsequently advancing beyond the 50% Fibonacci retracement level calculated from the recent swing ranging from $1.3678 to $1.2801.

Current price action maintains support above the $1.33 threshold and the 100-hour Simple Moving Average. Buying pressure attempted to push toward $1.3480 but encountered selling pressure at that level.

The primary resistance barrier stands at $1.35. A decisive close above this level could establish momentum toward $1.40, followed by subsequent targets at $1.4120 and $1.4250. Conversely, downside support zones are identified at $1.3240, $1.32, and a more substantial floor at $1.28.

Legislative Developments May Influence Price Trajectory

The most significant upcoming event for April 2026 centers on the U.S. Senate’s scheduled review of the CLARITY Act. Should this legislation receive approval, it would officially designate XRP as a digital commodity under regulatory frameworks.

Market analysts project that successful passage of this bill could trigger a price recovery, potentially driving valuations into the $1.65–$1.80 territory.

Trading data from April 6, 2026, shows XRP maintaining levels above $1.33, with bullish participants working to overcome the pivotal $1.35 resistance threshold that will likely dictate the subsequent price direction.

The post XRP (XRP) Sees Whale Accumulation Despite 60% Drop From Peak appeared first on Blockonomi.

Source: https://blockonomi.com/xrp-xrp-sees-whale-accumulation-despite-60-drop-from-peak/





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