emergencyBreaking NewsKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisisKim Tucker Tremblay’s Boston Marathon Run Targets $9,000 for Hopkinton Emergency FundMortgage Rates Dip as Global Tensions Ease, but 'Lock-In' Effect Inhibits RefinancingA three-month extension on margin rule compliance could prevent forced sell-offs in Bangladesh’s distressed marketFundstrat Predicts S&P 500 Target of 7,300 as Sector Repricing Limits Pullback DepthStrong corporate earnings and investor skepticism keep markets from collapsing during Middle East crisis

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Home/Briefs/cryptocurrency

BriefApril 9, 2026 · 01:51 PM

XRP Price Rejection at $1.38 Signals a Distribution Phase

XRP is in a distribution phase, moving tokens from long-term holders to short-term traders. This shift occurs as sellers exit positions during rallies, creating a heavy ceiling of supply at $1.38. High-volume selling accelerated as the price hit that mark this week, causing the token to underperform the broader market. This price action occurs despite $3.32 million in new ETF inflows into Ripple-linked investment funds this week. XRP is forming a pattern of lower highs, with the price currently at $1.3298. If the $1.33 support level fails to hold, the price may drop to $1.28.

Wilder Callahan

CryptocurrencyAsset DistributionMarket Liquidity

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