XRP holds $1.34 as supply tightens but price fails to break higher

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email XRP holds $1.34 as supply tightens but price fails to break higher Record outflows and rising scarcity suggest accumulation, yet failure to break higher keeps setup unresolved. By Shaurya Malwa Apr 1, 2026, 4:59 a.m. Make preferred on What to know : XRP is trading around $1.34 after a modest gain, even as roughly 7.03 billion tokens left exchanges in February, tightening available supply. Trading volume is about 29 percent above its weekly average, but repeated failures to break above the $1.34 to $1.35 area show sellers still capping rallies. Analysts say the current compression between shrinking supply and muted price action typically resolves in a sharper move, with $1.31 to $1.32 as key support and $1.42 as the next upside target if resistance breaks. XRP is seeing large amounts of tokens leave exchanges, reducing available supply — but price isn’t responding yet. The token is hovering near $1.34 after a modest gain, creating a disconnect between tightening supply and muted price action that typically doesn’t last. News Background XRP edged higher to $1.34 with volume rising 29% above its weekly average Around 7.03 billion XRP left exchanges in February, signaling supply compression Binance scarcity indicator climbed to 0.59, its highest level since 2024 Price Action Summary Price traded in a tight range, repeatedly testing the $1.33-$1.34 zone Early breakout attempts failed, with resistance forming just above current levels Buyers defended dips near $1.31, establishing a sequence of higher lows Late-session action showed steady buying, but no decisive follow-through Technical Analysis The key setup is a mismatch: supply is tightening, but price isn’t expanding Large outflows usually reduce sell pressure, yet sellers are still capping rallies Elevated volume without price expansion points to positioning rather than conviction This kind of compression typically resolves with a sharper directional move What traders should watch $1.34-$1.35 is the immediate trigger — a break opens room toward $1.42 $1.31-$1.32 remains the key support zone holding structure intact If price continues to stall despite shrinking supply, it suggests sellers are still active overhead More For You Encryption Supremacy: Zcash and Privacy in the Age of Scale By CoinDesk Research 13 hours ago Commissioned by GenZcash Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap. Why it matters : As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve. View Full Report More For You Bitcoin is closer to its 'buy zone' than it's been in three years By Shaurya Malwa 1 hour ago The gap between bitcoin's spot price and realized price is compressing toward levels that historically marked cycle bottoms, but the on-chain data shows the capitulation that typically precedes those bottoms hasn't happened. What to know : Bitcoin still trades about 21 percent above its realized price, indicating most holders remain in profit and that on-chain data do not yet signal a classic long-term accumulation zone. The gap between spot and realized price has compressed rapidly from roughly a 120 percent premium in late 2024 to 21... Read full story Latest Crypto News Hong Kong hasn’t issued a single HKD stablecoin license after March target 1 hour ago Bitcoin is closer to its 'buy zone' than it's been in three years 1 hour ago Bitcoin enters the public bond market as Moody’s gives a first-of-its-kind crypto deal a rating 6 hours ago What's next after bitcoin's historic underperformance stretch against stocks 8 hours ago Clarity Act ‘not a gatekeeper’ for crypto innovation, WisdomTree exec says 9 hours ago The post-quantum transition can’t be postponed any longer 10 hours ago Top Stories Charles Hoskinson not a fan of CLARITY Act, warns of 'weaponization' by future lawmakers 12 hours ago Bitcoin, stocks rise, oil slides, after report of Iran's willingness to end conflict 12 hours ago Google warns five quantum attack paths could put $100 billion on Ethereum at risk 16 hours ago Bitcoin bulls scramble for post-quantum protection as Google drops bombshell paper 17 hours ago Downside risk remains as bitcoin nears record-tying six-month losing streak 16 hours ago Coinbase’s Base to focus on tokenized markets, stablecoins, developers this year 16 hours ago