The post XRP Price Outlook as U.S. Eyes Potential Strategic Reserve Plan appeared on BitcoinEthereumNews.com. XRP Price moved below the $1.40 level during the pastThe post XRP Price Outlook as U.S. Eyes Potential Strategic Reserve Plan appeared on BitcoinEthereumNews.com. XRP Price moved below the $1.40 level during the past

XRP Price Outlook as U.S. Eyes Potential Strategic Reserve Plan

2026/04/28 20:52
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XRP Price moved below the $1.40 level during the past 24 hours as the U.S. eyes a potential strategic reserve plan. 

The Ripple price declined 2.01% to around $1.39, following a market-wide sell-off. The total cryptocurrency market capitalisation fell 1.38% to $2.56 trillion during the same period. Analysts attributed the pullback to a sudden slowdown in institutional ETF inflows. Bitcoin dropped below $77,000 after the recent market correction. The price of Ethereum also slid below $2,300, reflecting weaker sentiment among market leaders.

Washington Eyes Strategic Bitcoin Reserve as Adviser Previews Major Reveal

White House officials indicated that one of the most significant updates on the proposed Strategic Bitcoin Reserve by President Donald Trump may soon be received. The highest cryptocurrency advisor of the administration Patrick Witt stated that there would be a big announcement in a few weeks. 

He was talking at a panel at the Bitcoin 2026 conference in Las Vegas. Witt is the executive director of the Presidential Council of Advisors on Digital Assets. He verified that the officials are in the process of creating plans of the proposed reserve.

The legislators are also busy coming up with a bill to formally establish the reserve on the federal law. This move can affect the market structure and uptake of Bitcoin in the long run. There is a close watch on Washington by the market players. The plan is considered to be a larger plan of including digital assets into national economic planning.

XRP Whales Offload 1.10 Billion Tokens in One Week-What’s Next?

The activity of XRP whales reached its peak during the last week with significant holders decreasing their stocks. Market analyst Ali Charts data reveal that about 1.10 billion XRP were sold or re-marketed. The numbers show that the wallets of large number of tokens experienced a significant decrease in the period. 

Santiment on-chain metrics indicate that the number of whale balances has been steadily decreasing following recent highs. Market members are now following how long-term pressures on selling can impact the short-term price movement.

XRP Price Breaks Below Range Support: Key Levels to Watch Next

As of the reporting, the XRP price fell to $1.38 following the slip below the support zone of $1.40. The asset has recorded a relatively small loss of 0.88 percent in the last four hours. 

The MACD is negative and signal lines are downwards. In the meanwhile, the RSI is close to 33, which is a verge of being oversold. This indicates that bearish pressure is prevailing in the near term.

If $1.38 fails to hold, downside targets stand near $1.35 and $1.30. A weak spot of less than $1.30 would reveal the next support area of $1.25. 

On the positive side, regaining $1.40 can pave the way to $1.45. A prolonged push above $1.45 would shift the attention to $1.50 point.

Source: XRP/USDT 4-hour chart: Tradingview

In conclusion, XRP is experiencing pressure, and the macro uncertainty and selling by the whales are having a toll on sentiment. Short-term direction will be dependent on key support levels. In the meantime, the situation concerning a possible U.S. Bitcoin reserve can impact the overall crypto trend in the future.

Source: https://coingape.com/markets/xrp-price-outlook-as-u-s-eyes-potential-strategic-reserve-plan/

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