XRP is trading lower on April 2, 2026, tracking a broader pullback across major crypto as risk appetite faded and Bitcoin weakened after weaker-than-expected U.S. ISM manufacturing data added pressure to risk assets. That macro-driven selling has been enough to push XRP down roughly 3% on the day in tandem with the wider tape. (mudrex.com)

Today’s drop also lands after evidence that the powerful U.S. spot XRP ETF bid has cooled: multiple trackers and market recaps show March 2026 was marked by more outflow days and limited inflow sessions, reversing the stronger early-year flow profile. Softer ETF demand can amplify downside on red-market days because there’s less systematic buying to absorb spot selling. (cointelegraph.com)

Traders are likely to stay focused on the next macro catalyst (near-term U.S. labor data) for the direction of the broader risk complex, because XRP has recently been trading as a high-beta proxy for crypto sentiment when macro conditions tighten. On the XRP-specific side, sustained improvement in daily ETF net flows would be a key signal that institutional demand is re-accelerating after March’s slowdown. (mudrex.com)