XRP Price: Spot Buyers Accumulate $451 Million While Leveraged Traders Short – What Lies Ahead?

TLDR

• Binance spot buyers have amassed $451 million worth of XRP, whereas bearish futures positions stand at -$1.5 billion
• XRP is currently trading at roughly $1.31, having posted six straight monthly declines since September 2025
• The XRP Ledger reached an all-time high of 4.49 million daily transactions on April 2, with active addresses exceeding 200,000
• XRP is consolidating toward the apex of a descending wedge chart pattern, with a critical breakout threshold at $1.47
• March 2026 marked the first time U.S. spot XRP ETF inflows turned negative since their launch

(SeaPRwire) –   XRP is currently caught in a tug-of-war between two conflicting forces: long-term investors (real money) are purchasing on price dips, while leveraged traders are wagering on additional declines.

Binance’s spot Cumulative Volume Delta (CVD) has risen to $451 million on the buying side, indicating that actual capital is being traded for XRP tokens. Concurrently, Binance’s Perpetual CVD is approximately -$1.5 billion, and across all centralized exchanges, this figure hovers around -$1 billion—signaling that leveraged traders are significantly shorting the asset.

This type of market setup is referred to as a pre-squeeze structure. As spot buyers absorb selling pressure from derivatives traders, the supply available to drive prices down diminishes. Should this supply shrink sufficiently, short positions shift from being an advantage to a liability.

As of April 3, XRP is trading at $1.31, a 0.33% drop for the day. The asset has seen six consecutive months of declines, with no positive monthly closing price since September 2025.

Descending Wedge Pattern Nears Its Apex

Looking at the daily chart, XRP is moving toward the apex of a descending wedge pattern. The upper resistance line and a gently rising lower support line are coming together. The daily MACD histogram is at -0.0222 (still bearish), but it has been narrowing—an indication that selling pressure is slowly abating.

On the 4-hour chart, the signal line has slightly entered positive territory for the first time since February. While a full bullish MACD crossover hasn’t been confirmed yet, momentum is starting to shift.

Analyst Ali Martinez commented on X that XRP “might present a short-term buying chance” within its multi-year ascending triangle pattern at current price levels. He also pointed out a possible 30% drop before a long-term recovery becomes probable.

If $XRP is following this ascending triangle, it could offer a short-term buying opportunity and a strong long-term uptrend. pic.twitter.com/q9RbslAUUU

— Ali Charts (@alicharts) March 31, 2026

A daily closing price above $1.47 would validate a breakout, with targets at $1.50 followed by $1.60. If the price breaks below $1.27, XRP could fall to $1.14. Approximately 19.6 million XRP tokens are concentrated between $1.27 and $1.28, making this the critical demand zone to protect.

Network Activity Reaches Record Highs

On-chain metrics paint a different picture than the price action. The XRP Ledger logged 4.49 million successful transactions on April 2— a two-year peak. Daily active addresses have回升 to over 200,000, and total non-empty wallets recently surpassed 7.7 million for the first time in the ledger’s 13-year existence.

Recently, billions of dollars worth of XRP have been withdrawn from exchanges, with Binance alone seeing $11.4 billion in outflows.

In March 2026, U.S. spot XRP ETF inflows turned negative for the first time since the products launched in November 2025. XRP open interest across all exchanges is around $2.45 billion, a roughly 73% drop from its September 2025 high.