XRP continues to face pressure with bearish on-chain flows since October
March 29, 2026
XRP has been experiencing a continuous decline since October, marked by a series of lower highs and a lack of strong on-chain activity. This indicates that the market is being led by distribution rather than accumulation. Despite some brief periods of price spikes, XRP has struggled to maintain any significant upward momentum.
One factor contributing to XRP’s downtrend is the lack of buying activity from retail investors. Market participants have been hesitant to buy XRP at current prices, leading to a decrease in demand for the digital asset. Without strong buying pressure, XRP has been unable to break out of its downward trend and establish a new support level.
Additionally, institutional interest in XRP has waned in recent months. Many major financial institutions that were previously considering using XRP for cross-border payments have either delayed or canceled their plans. This has had a negative impact on market sentiment and further contributed to XRP’s downward trajectory.
On the technical side, XRP’s price chart paints a bleak picture for the digital asset. The Ichimoku Cloud indicator shows that XRP is currently trading below the cloud, indicating a bearish trend. Furthermore, the Relative Strength Index (RSI) is hovering around oversold levels, suggesting that XRP may be due for a further price decrease before any potential reversal.
Despite these challenges, some analysts remain optimistic about XRP’s long-term prospects. They believe that if XRP can find support at lower price levels and attract renewed buying interest, it may be able to reverse its current downtrend. However, this will likely require a significant shift in market dynamics and a renewed sense of confidence from investors.
In conclusion, XRP is currently facing a number of obstacles that have contributed to its sustained downtrend since October. Weak on-chain activity, lack of retail buying interest, diminished institutional support, and bearish technical indicators have all played a role in XRP’s decline. While some analysts hold out hope for a potential reversal in the future, it is clear that XRP will need to overcome significant challenges in order to regain its footing in the market.
