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XRP price consolidates amid selling pressure and geopolitical risks, eyeing potential drop to $1.12

Technical Signals
13 Apr 2026
Crypto news
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Bearish
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XRP has been trading in a tight range between $1.25 and $1.40 for over two weeks, down nearly 16% from its March peak due to ongoing geopolitical tensions and strong selling by large holders. Despite the U.S. SEC and CFTC classifying XRP as a digital commodity, which resolved legal uncertainty, many investors sold to lock in profits, adding to downward pressure. Whale selling since October totals around $6 billion, and recent large transfers to exchanges suggest more selling could follow. Technical indicators point to a possible drop to $1.12, though some analysts foresee a long-term breakout that could drive significant gains.

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