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XRP Price ‘Looks Edgey’ as it Dangles Over a 40% Price Cliff as Wall Street Builds a $1.28 Billion Safety Net

XRP Price ‘Looks Edgey’ as it Dangles Over a 40% Price Cliff as Wall Street Builds a $1.28 Billion Safety Net

TipranksTipranks2026/04/24 14:15
By:Tipranks

XRP (XRP-USD) is stuck in a messy fight between ugly price charts and a steady flow of bank money. Experts are worried about a price cliff that could cut its value by 40% against Bitcoin (BTC-USD), but big-money players are busy building a $1.28 billion safety net. This creates a giant tug-of-war where the fear of a crash is meeting the reality of record-breaking support from banks.

XRP Is Stuck in a Descending Triangle Pattern

The price of XRP compared to Bitcoin is currently stuck in a pattern that traders call a descending triangle.

This shape has been forming since late 2024 and usually means a big drop is coming. If the price falls below its current support level, it could slide another 40.5% and hit a low of 0.000011 BTC. This setup is making many short-term traders very nervous.

Technical analyst ChartNerd recently shared a warning about this setup. The expert stated, “$XRP/BTC looks edgy.” The analyst also noted that losing the current support at $0.000091 would lead to further losses for the coin.

Institutional Buyers Ignite a Nine-Day Winning Streak

Even with the scary charts, professional investors are not backing down. U.S.-based spot XRP ETFs have just recorded nine straight days of new cash flowing into their vaults.

On Thursday alone, these funds added $3.89 million, which brought the total for this streak to over $73 million. The total amount of money managed by these funds has now climbed to $1.1 billion. Big players are using this time to buy the dip.

Analyst Don Digital Finance shared his thoughts on this trend in a Friday post. He stated, “$XRP ETF inflows continue.” The analyst also explained that this shows “steady institutional demand as accumulation continues despite sideways price action.”

Ledger Man Identifies Massive Confidence

The constant stream of big-money buying is a major signal for the rest of the market. While the price has dropped 22% so far in 2026, the arrival of $1.28 billion in total ETF entries suggests that the smart money is looking at the long term. This level of buying usually happens when large firms believe a coin is a bargain.

Analyst Ledger Man believes this is a turning point for the asset. He stated, “Institutional demand is rising fast as big money continues flowing into XRP exposure.” He also added, “This could be a major signal that confidence in XRP is growing stronger than ever.”

XRP’s Technical Indicators Hint at a Potential Recovery

There is one more piece of good news hidden in the data. A tool called the RSI is currently at a reading of 33, which means the XRP token is oversold. In the past, whenever the XRP price hit this level, it marked the bottom before a recovery started. This suggests that while the 40% crash is a risk, the heavy buying from institutions might be enough to stop the fall and start a turnaround.

This steady accumulation by banks mirrors the way Strategy (MSTR) changed the game for Bitcoin, as these new ETFs are now setting a firm floor for the coin.

At the time of writing, XRP’s price is sitting at $1.4352.

XRP Price ‘Looks Edgey’ as it Dangles Over a 40% Price Cliff as Wall Street Builds a $1.28 Billion Safety Net image 0

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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