Here’s why the XRP price correction is not over
XRP price has been trapped in a falling trend year-to-date (YTD), and on-chain data analysis signals further weakness in the near term. YTD XRP price has declined over 25% to trade at about $1.37 on April 30. Since early February 2026, the token has oscillated around $1.40, with an upper limit of roughly $1.50. XRP/USD YTD chart. Source: Finbold As such, the altcoins market capitalization has declined to approximately $84.7 billion at press time. Despite the robust fundamentals for XRP Ledger (XRPL), as Finbold previously pointed out, the token has struggled to rally beyond its multi-week strong supply wall near $1.50. The primary reason why the token failed to maintain bullish momentum in the past was due to low demand from whale investors YTD, led by spot XRP exchange-traded funds (ETFs), as Finbold reported. Two main reasons XRP price could fall further in the near term The near-term outlook for XRP leans heavily toward bearishness due to rising distribution among whales. Since early February 2026, the 365-day Simple Moving Average (SMA) for XRPL whale-to-exchange transactions has spiked to an all-time high (ATH) above 5,500 as of reporting time, according to data from . XRPL whale to Binance transactions. Source: CyptoQuant With XRPL whale-to-exchange transactions over the past