Key Takeaways
- XRP currently trades in the $1.30–$1.33 range, reflecting a more than 60% decline from its July 2025 all-time high of $3.65
- The XRP Ledger network has expanded to a record 8.1 million wallet addresses
- Addresses holding over 1 million XRP tokens are increasing for the first time since September 2025
- Critical resistance level established at $1.35; breaking through could target $1.40
- U.S. Senate expected to vote on the CLARITY Act in April 2026, potentially serving as a major price catalyst
As of early April 2026, XRP maintains a trading range between $1.30 and $1.33, extending a significant downturn from the token’s July 2025 peak of $3.65. This sustained correction represents a value decrease exceeding 60% across approximately nine months of trading.
While the price action remains bearish, blockchain analytics from CryptoQuant reveal that the XRP Ledger (XRPL) has achieved a milestone of 8,189,798 total wallet addresses. This figure represents a 3.39% expansion in network addresses during the first quarter of 2026 alone.
Notably, wallets classified as “millionaire addresses” — those containing more than 1 million XRP tokens — have started to climb for the first time since September 2025. Market observers interpret this trend as evidence that institutional-scale investors are actively accumulating positions.
Despite a softening of the $XRP price that began in July 2025 (shown in black), wallets continue to climb (shown in blue).
👉8.1M #XRP Ledger wallets as of April 4, 2026
Source: CryptoQuant pic.twitter.com/vSpOd94jg7— 🌸Eri ~ Carpe Diem (@sentosumosaba) April 5, 2026
The XRPL ecosystem continues expanding with automated market maker (AMM) pools approaching 28,000. Network development has accelerated through strategic collaborations, including a notable integration with Mastercard’s global payment infrastructure.
Technical analyst ChartNerd (@ChartNerdTA) published a market assessment on X earlier this week, identifying XRP’s movement within a descending channel pattern characterized by declining highs and lows. The analyst observed that the Relative Strength Index remains below neutral territory while trading volume lacks significant expansion, describing the pattern as “a weak continuation” instead of healthy consolidation.
$XRP: Compression Leads to Expansion. pic.twitter.com/ItYrL71FxT
— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) April 5, 2026
Technical Analysis and Critical Price Zones
XRP recently broke above a downtrend line positioned at $1.3085 on the hourly timeframe, subsequently pushing past the 50% Fibonacci retracement level calculated from the recent price swing between $1.3678 and $1.2801.
Believe in something $XRP pic.twitter.com/HuJx6NBHXl
— Amonyx (@amonyx) April 5, 2026
The digital asset currently maintains support above $1.33 alongside the 100-hour Simple Moving Average. Buyers attempted to drive prices toward $1.3480 but encountered selling pressure at that level.
The immediate resistance barrier is positioned at $1.35. Successfully closing above this threshold could unlock upside momentum toward $1.40, followed by $1.4120 and $1.4250 as subsequent targets. For downside scenarios, initial support is established at $1.3240, with additional floors at $1.32 and $1.28.
Regulatory Developments May Drive Next Move
The primary catalyst expected in April 2026 centers on the U.S. Senate’s scheduled review of the CLARITY Act. Should this legislation pass, it would officially designate XRP as a digital commodity under federal law.
Market analysts project this regulatory clarity could trigger a price recovery targeting the $1.65–$1.80 range.
As of April 6, 2026, XRP maintains trading activity above $1.33, though buyers continue facing challenges at the $1.35 resistance zone that will likely dictate the token’s next major directional movement.
