XRP traded 64% below its peak amid bearish trends, declining network activity, and reduced ETF inflows.
XRP, the cryptocurrency, has dropped nearly 30% in 2026, trading 64% below its multi-year peak of $3.66, according to data from CoinTelegraph.
On the daily chart, XRP faces stiff resistance above the $1.40-$1.45 zone, where over 1.1 billion tokens were previously acquired, potentially leading to selling pressure.
The price is currently retesting the lower boundary of a symmetrical triangle at $1.30, with analysts at CryptoBasic stating on Wednesday that a break below could target $1.146 or $0.884.
XRP Network Activity Declines
Onchain data from Glassnode shows daily active addresses for XRP have fallen to around 50,000, down from higher levels in March and June 2025, indicating reduced transaction activity.
Daily transactions on the XRP Ledger have decreased by 44% to 1.5 million from 3.4 million on March 21, per CryptoQuant data, suggesting lower network demand.
Spot XRP exchange-traded funds (ETFs) recorded net outflows of $28 million in March, marking their first negative month since launch, as reported by analyst WizzyOnChain.
Total assets under management for these ETFs have dropped to about $947 million from a peak of $1.24 billion in early January, amid XRP's price decline of over 28% in the first quarter of 2026.