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XRP price posted a brief recovery after reports of a ceasefire between the United States and Iran supported risk assets across the market. The token rose to a local high of $1.39 before falling back toward $1.33. At the same time, exchange flow data showed that investors continued to move XRP off Binance. However, derivatives activity remained subdued, which left the market without a strong return of leveraged demand.
Binance XRP Outflows Continue to Build
CryptoQuant data showed Binance cumulative XRP netflow falling from about -$10.4 billion in mid-August 2025 to -$11.23 billion in early April 2026. The trend implies that there has been an increase in the number of XRP leaving the exchange.
When investors are not intending to sell at the moment, they usually transfer tokens outside the exchanges. The pattern has remained in place during both price weakness and short-lived rebounds.
Leverage Has Yet to Return to the Market
While XRP outflows increased, Binance open interest stayed just above $200 million from mid-February 2026 onward. This level remained far below the highs recorded in the second half of 2025. The derivatives market, therefore, remained cautious even as spot supply on the exchange continued to fall.
Multi-exchange open interest also remained weak. Total XRP open interest across major exchanges stood slightly above $400 million. Earlier, from August to October 2025, that figure ranged between $1.5 billion and $2.3 billion. The drop below $1 billion began in October 2025 and continued into 2026.
This gap between exchange outflows and leverage activity defines the current setup. On one side, fewer coins on exchanges can reduce immediate sell pressure. On the other side, weak open interest shows that traders have not rebuilt large leveraged positions. As a result, the market lacks the speculative force that often drives sharp price moves.
XRP Price in a Tight Range as Demand Stays Limited
XRP price action reflected that balance. The token moved up to $1.39 during the relief bounce, but the move lost momentum, and Ripple price returned to the $1.33 area. Recent trading also showed repeated rejections around the $1.37 to $1.38 zone, keeping the short-term structure under pressure.
At the same time, higher trading volume appeared alongside falling prices during the latest pullback. That pattern pointed to selling activity near resistance. In addition, support levels now sit near $1.33 and $1.28. Meanwhile, resistance levels remain near $1.35 and $1.38.
XRP Price Levels Remain in Focus
Technical data placed XRP price below several near-term resistance areas after the failed push toward $1.40. On the hourly chart, resistance formed around $1.3450 and $1.3550. If price moves above that area, the next levels stand near $1.3650 and $1.3880. A further XRP price rise would then bring $1.40 back into focus.
On the downside, support remains near $1.3220 and $1.3180. If XRP falls below those levels, the next areas to watch are $1.3110 and $1.2880. A deeper decline could then extend toward $1.2680 and $1.250, based on the same chart structure.
