XRP Falls 3.6% but Volume Soars—Is a Bigger Move on the Horizon?

• XRP eyes breakout as Egrag forecasts April volatility with targets up to $3.00.
• Active XRP addresses surge 490%, sharply outpacing Bitcoin’s 10% growth.
• Despite price dip, XRP sees high volume and sustained exchange outflows.

XRP has drawn increased attention across the crypto market, with analysts predicting a price breakout in the coming months. While the asset has faced short-term volatility, market signals and on-chain data suggest major changes that may influence its trajectory.

Recent projections, including those by crypto analyst Egrag, highlight possible price swings in April while the trading volume, address activity, and outflows continue to impact the general XRP landscape.

According to a chart released by crypto analyst Egrag, $XRP may experience major volatility throughout April. The forecast, built on a monthly XRP/USDT chart, outlines two possible wick tests, one to the downside and another to the upside.

Egrag expects a temporary pullback to the $1.90–$1.79 range, followed by a possible spike toward $2.80–$3.00 before the month concludes. The analysis describes these movements as brief wicks, not sustained price levels.

Technical indicators driving this forecast include signs of consolidation and accumulation. Some analysts believe XRP could reach $3.50 or higher later this year and potentially exceed its all-time high of $3.84 by mid-2025. These projections continue to dominate XRP-related market analysis and influence sentiment among long-term holders.

Price Drops Amid Market Volatility and Trading Surge

However, despite these projections, XRP has recorded a decline of 3.63% over the past 24 hours, currently trading at $2.04, based on CoinMarketCap data. XRP’s 24-hour trading volume surged 83.93% despite the drop, reaching $6.85 billion. The spike in volume occurred alongside a sharp price retreat from a brief rally above $2.20 on April 2.

The current market capitalization stands at $118.86 billion, consistent with the price drop. XRP’s circulating supply is 58.2 billion, with a total supply capped at 100 billion tokens. Its fully diluted valuation is reported at $204.21 billion. The volume-to-market cap ratio now stands at 5.77%, indicating heightened trading activity.

XRP Network Activity Shows Signs of Accelerated Growth

As per the data from Glassnode report, XRP ’s active addresses are at 490% at the present phase from the recent cycle low. This kind of increase is much higher than the 10% increase Bitcoin experienced within the same period. The 90-day simple moving average gives indication of continuous growth of users’ interest since the beginning of 2025, with sharper increase starting in April.

This increase also contrasts the trend of XRP’s address activity that has remained largely stagnant since the beginning of 2023. More trade traffic may suggest more interest in XRP’s ecosystem or network activity but its ongoing trend is still uncertain.

Bearish Indicators and Exchange Outflows Continue

On the XRP/USDT 4-hour chart technical indicators predict additional bearish price movements. The Relative Strength Index (RSI) shows weak buying momentum because it currently stands at 38.31 beneath the neutral 50 level.

Meanwhile, the MACD line has fallen below the signal line, and the histogram remains negative, reinforcing a bearish outlook.

Exchange data from Coinglass shows persistent outflows since mid-December, including sharp spikes in early January and late February. XRP has maintained relative price stability around the $2 level despite these outflows.