XRP traded about 64% below its multi‑year peak of $3.66 on Thursday as signs pointed to a potential deeper correction toward $1.
Key takeaways:
– XRP faces stiff resistance above $1.40, where more than 1.1 billion tokens were previously acquired.
– Declining daily active addresses signal reduced transaction activity and cooling network demand.
– Muted spot ETF inflows point to reduced institutional demand.
Symmetrical triangle targets $1 XRP price
TradingView data shows XRP trading below a key resistance zone on the daily chart: the $1.40–$1.45 supply zone, where the upper trend line of a symmetrical triangle, the 200‑week exponential moving average (EMA) and the 50‑day EMA converge. A cost‑basis heatmap indicates investors acquired over 1.1 billion XRP in this range, suggesting attempts to push above it could meet aggressive selling from break‑even holders.
Price is retesting the lower boundary of a symmetrical triangle at roughly $1.30. A break below this level would confirm continuation of the downtrend, initially toward the 200‑week simple moving average (SMA) around $1.14 and later to the triangle’s measured target near $1.
“If XRP loses its current support, data highlights downside targets near $1.146 and $0.884,” analysts at CryptoBasic said, adding that the broader bullish structure remains valid only if XRP holds above a critical $0.93 invalidation level.
Cointelegraph previously noted $1.27 is a short‑term must‑hold for bulls to avoid further losses.
XRP network activity declines
On‑chain data show the XRP Ledger has experienced a marked drop in network activity since July 2025. Glassnode data place daily active addresses (DAAs) far below March and June 2025 levels, muted around 50,000. With roughly 48,000 DAAs at the time of writing, user transactions have decreased, possibly signaling reduced interest or diminished confidence in XRP’s near‑term outlook.
Historically, declines in network activity often accompany price stagnation, as lower transaction volume means less liquidity and fewer buyers. Daily transactions fell sharply—about 44%—to 1.5 million on Wednesday from 3.4 million on March 21, per CryptoQuant data.
Spot ETF flows warn of fading institutional demand
US‑based spot XRP exchange‑traded funds have shown weakening flows, with March recording the first negative month since launch. Analyst WizzyOnChain noted spot XRP ETFs have had zero inflows since March 26 amid price declines and weakening demand, and that March saw net outflows of $28 million—their first negative month.
Total assets under management peaked near $1.24 billion in early January and have fallen to roughly $947 million, dragged down by XRP’s price decline of over 28% in Q1 2026.
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