NEW YORK, March 23, 2026, 14:13 EDT
XRP pushed past $1.40 on Monday after President Donald Trump announced a five-day delay on planned U.S. strikes targeting Iranian energy infrastructure, a move that took the edge off the earlier jolt to crypto and other riskier assets. Coinbase listed XRP at roughly $1.44; data from Investing.com pegged Monday’s trading in a band from $1.3621 to $1.4432. Reuters
The shift signals XRP is following the broader market vibe rather than reacting to anything directly tied to XRP. Bitcoin hovered just above $71,040 and ether was roughly $2,151—both climbing a bit over 3% for the day. The uptick tracked the bounce across U.S. stocks after the Iran reprieve. Reuters
Things changed fast. Brent crude jumped past $113 a barrel earlier, Reuters said, with investors positioning for an energy jolt, more persistent inflation, and less hope for rate cuts. Afterward, Iran pushed back on Trump’s version of the talks, throwing the rebound’s durability into question. Reuters
Steven Englander, who runs global G10 FX research and North America macro strategy at Standard Chartered, noted the market seemed to be dialing back expectations that the worst would hit in the coming days. Elias Haddad at Brown Brothers Harriman pointed out that price moves hinted war anxiety could be topping out, though he cautioned it’s not clear yet. Reuters
XRP clawed back some ground on Monday, but last week’s losses lingered. According to Coinbase, the token was showing a 4% gain over the previous 24 hours, yet remained about 4% under its level from a week back. Coinbase
XRP isn’t exactly niche. The token powers the XRP Ledger, an open-source blockchain built back in 2012 for speedy, inexpensive transfers. On Coinbase, it sits in third place among tradable assets. Coinbase
The regulatory load has eased, though it hasn’t disappeared. Back in August 2025, Reuters said the U.S. Securities and Exchange Commission dropped its lawsuit against Ripple after the company agreed to a $125 million settlement. The case had played a key role in shaping U.S. investor sentiment toward XRP. Reuters
Still, that bounce might not last. “So many questions here that are unresolved,” said IG strategist Chris Beauchamp, who pointed out that the Strait of Hormuz was still shut after the U.S. halted its energy strikes. Reuters
Eyes had shifted to the $1.38-$1.40 range. In a note out Monday, CoinDesk highlighted traders eyeing that band, with multiple failed attempts to break through what’s known in the market as resistance—the zone where price surges keep running out of steam. CoinDesk
“Markets have been taken on a wild ride,” said Susannah Streeter, chief investment strategist at Wealth Club, cautioning that putting too much stock in Trump’s remarks is “fraught with risks.” XRP isn’t breaking from the herd; it jumps when sentiment lifts, but any whiff of bad news sends it spinning just as fast. Reuters
