XRP falls amid persistent selling pressure with bears dominating seven-day range: weekly analysis
XRP is currently priced at $1.3551, having fallen $0.03 (1.95%) over the past week. The asset sits well below both its weekly MA-20 ($1.6278) and MA-50 ($2.2188), but remains above the long-term MA-200 ($1.1540), reflecting continued medium- and longer-term selling pressure.
Highlights
- XRP trades well below medium-term moving averages, reflecting sustained selling pressure and maintaining a bearish technical posture.
- Weekly momentum indicators overwhelmingly signal further downside, with MACD, ADX, and most oscillators supporting continued selling dominance.
- The projected seven-day price range is $1.32 to $1.42, with a stronger probability of further declines than a breakout above resistance.
Institutional inflows and zkVM upgrade support sentiment despite price drop
The XRP Ledger has integrated Boundless, a zero-knowledge proof solution, enabling confidential institutional transactions while preserving regulatory compliance on its public blockchain. This upgrade introduces a zkVM virtual machine, supporting complex privacy-focused applications including Smart Vaults. Additionally, XRP ETF products experienced $119.6 million in net inflows for the week ending April 11, with US-listed spot ETFs now holding 771.7 million tokens and about 1.16% of XRP’s market capitalization.
Bearish momentum prevails as oscillators signal mixed weekly dynamics
On the weekly timeframe, all major momentum indicators for XRP remain bearish. The asset trades decisively below both weekly MA-20 and MA-50 levels, with MA-20 at $1.6278 acting as dynamic resistance, while MA-200 at $1.1540 serves as primary support. Weekly oscillators, including the MACD and ADX, confirm a strong downside trend. Notably, RSI, Stochastic RSI, and Commodity Channel Index highlight weak or oversold conditions, although the Stochastic RSI signals a strong buy, introducing some mixed momentum. With weekly volatility at 5.78%, XRP closes the week in the middle of its recent range, as sellers continue to dominate according to Bull/Bear Power, and the Awesome Oscillator remains neutral.
Range-bound outlook with bearish bias as breakout risks remain low
For the next seven days, XRP is likely to remain range-bound between $1.32 and $1.42, in line with its weekly volatility and a prevailing bearish bias. The probability of a meaningful upward move is very low (less than 20%), as none of the key weekly indicators show Buy or Strong Buy signals. If XRP breaks above $1.42, this could trigger a bullish move toward nearby resistance, but such a scenario would require significant buying momentum. Conversely, if XRP slips below $1.32, selling pressure may accelerate, driving the price closer to the MA-200 support.
Earlier, analysts noted that XRP continued to face persistent bearish momentum despite some signs of institutional interest. The latest market action and technical signals reinforce this bearish outlook, making a decisive move above $1.42 or below $1.32 the key trigger for the next directional shift.
- Forex
- Crypto