XRP faces selling pressure as April outflows top $300 million
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Despite a brief uptick in price over the weekend, XRP remains under sustained selling pressure, as net capital outflows surpass $300 million in the first half of April. According to Coinglass data, the altcoin has recorded significantly more negative than positive net flow sessions this month, highlighting a broader investor trend toward profit-taking and capital rotation amid continued market uncertainty.
Out of the first 13 trading days in April, only four posted positive net flows, amounting to approximately $56 million in inflows. In stark contrast, nine sessions registered outflows totaling $311 million, with the single worst day occurring on April 6, when $90 million left the market. Although these figures show a decrease in daily outflow intensity compared to Q1 — where daily losses exceeded $150 million in January and March — the prevailing trend remains net negative, reinforcing the current bearish structure in XRP price action.
Technically, the market structure continues to reflect weakness. Despite modest weekend gains that pushed XRP marginally higher, the persistent capital flight limits the potential for any sustained upside. The accumulation-to-distribution ratio remains skewed in favor of sellers, suggesting that any short-term rally could be met with overhead resistance.
Sentiment among retail and institutional investors remains fragile, with many using temporary price recoveries as exit opportunities rather than reaccumulation signals. This dynamic places downside pressure on the asset, increasing the probability of a further price correction if capital outflows persist or accelerate.
Crypto analyst Egrag Crypto, while long-term bullish on XRP, has acknowledged the likelihood of another dip before a structural recovery. The analyst suggests a potential retracement to $1.40, although he maintains bullish targets between $7.50 and $27 in a longer-term horizon. His view reflects a divergence between tactical bearish setups and broader strategic optimism, contingent on future macro and market-specific catalysts.
In summary, XRP's market remains fragile, technically capped by consistent net selling and profit realization. Unless inflows recover or fundamental catalysts shift sentiment materially, price action could remain under pressure in the short term. Traders and investors should monitor net flow dynamics closely, particularly if outflows approach or exceed recent peak levels, as such conditions would increase the likelihood of a renewed correction.
Out of the first 13 trading days in April, only four posted positive net flows, amounting to approximately $56 million in inflows. In stark contrast, nine sessions registered outflows totaling $311 million, with the single worst day occurring on April 6, when $90 million left the market. Although these figures show a decrease in daily outflow intensity compared to Q1 — where daily losses exceeded $150 million in January and March — the prevailing trend remains net negative, reinforcing the current bearish structure in XRP price action.
Technically, the market structure continues to reflect weakness. Despite modest weekend gains that pushed XRP marginally higher, the persistent capital flight limits the potential for any sustained upside. The accumulation-to-distribution ratio remains skewed in favor of sellers, suggesting that any short-term rally could be met with overhead resistance.
Sentiment among retail and institutional investors remains fragile, with many using temporary price recoveries as exit opportunities rather than reaccumulation signals. This dynamic places downside pressure on the asset, increasing the probability of a further price correction if capital outflows persist or accelerate.
Crypto analyst Egrag Crypto, while long-term bullish on XRP, has acknowledged the likelihood of another dip before a structural recovery. The analyst suggests a potential retracement to $1.40, although he maintains bullish targets between $7.50 and $27 in a longer-term horizon. His view reflects a divergence between tactical bearish setups and broader strategic optimism, contingent on future macro and market-specific catalysts.
In summary, XRP's market remains fragile, technically capped by consistent net selling and profit realization. Unless inflows recover or fundamental catalysts shift sentiment materially, price action could remain under pressure in the short term. Traders and investors should monitor net flow dynamics closely, particularly if outflows approach or exceed recent peak levels, as such conditions would increase the likelihood of a renewed correction.