XRP price is gradually heading towards the apex of triangle pattern in daily chart, signaling an imminent breakout in near-term. The XRP Ledger recorded a 34.94 million token outflow from exchanges within a 24-hour window The momentum indicators RSI (Relative Strength Index) bound to 56% indicate a steady buildup of bullish momentum in its current sideways trendline. XRP, the fourth largest cryptocurrency by market cap, showcased a low volatility sideways trendline on Friday, to currently exchange hands at $1.43. With an insignificant gain of 0.05%, the XRP price movement aligns with broader cautious sentiment of the market as Bitcoin wavers around $78,000. Despite the sluggish price action, the underlying demand for the Ripple cryptocurrency is steadily rising, evidenced by notable exchange outflows and a significant inflow of its exchange-traded products. XRP Underperforms Despite ETF Expansion and Rising Institutional Interest In April 2026, a cryptocurrency market witnessed notable recovery as the Bitcoin price bounced above the $78,000. A primary catalyst of this rally was de-escaltling geopolitical tension as the U.S., Iran and Israel agreed on the temporary tease. While the majority of major altcoins followed similar momentum, the XRP price detrailed from this recovery and prolonged its consolation around $1.4. While this consolidation with lack of directional trend may demotivate the retail investors, the latest on-chain data shows the growing underlying demand. The XRP Ledger recently witnessed a staggering outflow of 34.94 million tokens from exchanges in a 24-hour period. This withdrawal is the sixth-largest recorded daily outflows in 2026. Historical data indicates a pattern of these large-scale movements of tokens into self-custody preceding bullish price movements. With a reduction in circulating supply on exchanges, these increases in self-custody can be interpreted by investors as a decrease in available supply for sale, and a potential upward movement in price. The institutional landscape around XRP is also rapidly evolving, despite market prices being decoupled from all-time highs. The recent addition of a 3x leveraged exchange-traded fund (ETF) from GraniteShares to the Nasdaq represents the move towards more advanced derivative investment vehicles. This comes on the heels of seven existing spot-based funds with more than $1.24 billion in total assets under management. With the inclusion of futures-based products, the total amount invested in XRP funds exceeds $2.6 billion, demonstrating the depth of the market. Legislatively, the attention has now turned to late April, with a markup of the CLARITY Act. This comes at a time of significant regulatory activity as the SEC has final second-quarter deadlines to rule on pending funds. This build-up of events and the strong capital influx has yet to translate to XRP’s current price, which remains 60% below its 2025 high at $1.42. This disconnect underscores a gap between the ongoing regulated use of the asset and its short-term trading price. XRP Price Prolongs Its Sideways With this Continuation Pattern Since early February, the XRP price has been trading sideways within two converging trendlines which revealed the formation of a symmetrical triangle pattern. The chart setup is commonly spotted in-between an established price trend, as traders utilized its break to recoup the prevailing momentum. However, the Ripple XRP 0.31% crypto witnessed a continued outflow of exchange supply, and growing institution accumulation in XRP-linked ETF, the coin price could deliver an update breakout. Currently, the XRP price is just 2.5% away from challenging the pattern’s resistance trendline. A potential breakout will accelerate the market buying pressure and push XRP price towards $1.67, followed by $1.8. XRP/USDT-1d Chart On the contrary, a bearish breakdown below the pattern’s bottom trendline will potentially push the asset towards $1.12 floor.
