XRP Sees Whale Accumulation Despite 60% Drop From Peak

As of early April 2026, XRP is trading in a range between $1.30 and $1.33, marking a sustained downturn from its July 2025 peak valuation of $3.65. The decline represents a reduction of more than 60% over roughly nine months of trading.

On-chain growth and shifting holder behavior

Despite the price contraction, blockchain metrics cited by CryptoQuant show the XRP Ledger (XRPL) reaching a new address benchmark. Total addresses stand at 8,189,798, reflecting quarterly growth of 3.39% during the first three months of 2026.

A change in holder behavior has also emerged. Wallets holding 1 million XRP or more have begun increasing for the first time since September 2025, which market observers interpret as major stakeholders accumulating during the current weakness.

Network developments and ecosystem expansion

Additional XRPL activity includes the expansion of automated market maker pools to approximately 28,000. The ecosystem has also broadened through collaborations, including an integration with Mastercard’s payment infrastructure.

Technical picture: descending channel and key levels

Technical analyst ChartNerd said on X earlier this week that XRP is moving within a descending channel pattern, marked by progressively lower peaks and troughs. The analyst noted that the Relative Strength Index remains below neutral and that trading volume has not shown meaningful expansion, describing the setup as “a weak continuation” rather than healthy consolidation.

Recent price action and critical zones

Recent trading shows XRP moving above a bearish trend line at $1.3085 on the one-hour timeframe, then advancing beyond the 50% Fibonacci retracement level derived from the swing between $1.3678 and $1.2801.

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

The main resistance is at $1.35. A decisive close above $1.35 could open momentum toward $1.40, followed by targets at $1.4120 and $1.4250. On the downside, support zones are identified at $1.3240 and $1.32, with a deeper floor at $1.28.

Legislative catalyst: CLARITY Act review

The most significant upcoming event for April 2026 is the U.S. Senate’s scheduled review of the CLARITY Act. If approved, the legislation would officially designate XRP as a digital commodity under regulatory frameworks.

Market analysts project that passage could support a price recovery, with potential movement into the $1.65–$1.80 range.

Where trading stands on April 6, 2026

On April 6, 2026, XRP is holding above $1.33. Bullish participants are working to overcome the $1.35 resistance level, which is described as likely to influence the next direction for the market.