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XRP slips 4% as selling pressure builds despite ETF inflows
Elevated volume and modest institutional buying fail to support price, with sellers continuing to dominate near resistance.
Apr 9, 2026, 5:40 a.m.
What to know:
- XRP slid from about $1.37 to $1.33 as sellers used rallies to exit positions, signaling continued weakness despite modest ETF inflows.
- Rising trading volume alongside falling prices and repeated rejection near $1.37 to $1.38 indicate distribution, with XRP underperforming the broader market.
- Traders are watching support at $1.33 and especially $1.28 on the downside, while a move back above $1.35 and $1.38 is needed to improve short-term momentum.
Price Action Summary
XRP declined from $1.37 to $1.33, with the breakdown accelerating after rejection near $1.38.
High-volume selling confirmed the move, with price failing to hold above $1.35 and forming lower highs into the close.
Late-session volatility pushed XRP to $1.31 before a minor stabilization, but recovery attempts remained weak.
