On-chain data showed rising exchange inflows, with net position change increasing to 55 million XRP. This suggested higher token movement toward trading platforms, often associated with increased selling readiness. At the same time, a large supply cluster formed between $1.45 and $1.46, where about 1.16 billion XRP had been .
In addition, this zone created additional supply pressure as the price approached break-even levels for many holders. “Some wallets could react near cost basis levels if price retests that zone,” market analysts suggested, pointing to potential supply reactions during upward moves.
Market focus also turned toward the Federal Reserve policy decision scheduled for April 29. Analysts suggested that risk assets may react sharply depending on the tone from the Fed press conference.
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