NEW YORK, April 12, 2026, 04:07 EDT
XRP slipped 1% to 2% on Sunday, last quoted at $1.3306 after swinging between $1.3266 and $1.3560. The decline followed the breakdown of U.S.-Iran peace talks in Islamabad, which failed to secure a deal and left the ceasefire on shaky ground.
XRP holds onto its spot as the fourth-largest crypto, clocking in at a market cap of $81.7 billion and around $1.96 billion swapping hands over the last 24 hours. With numbers like that, any shift—even a small one—tends to ripple past its immediate market.
Broader markets slid as well. Bitcoin hovered at $71,679, with ether close to $2,218—signs that XRP’s dip wasn’t unique.
Just ahead of the weekend talks, Marc Chandler of Bannockburn Global Forex thought markets remained “generally optimistic,” despite signs the ceasefire was starting to unravel. For BNZ’s Jason Wong, the fact that some “tail risk” had been lifted was important for sentiment—though he flagged that sentiment could flip quickly if negotiations broke down. Reuters
That warning has come into play. XRP hit $1.3743 on April 11, according to Investing.com, but then faded to around $1.33 the next day. The token remains boxed in that narrow range, unable to break out.
Support showed up earlier in the week. Two days back, Yahoo Finance pointed to CoinShares figures showing XRP funds netted $119.6 million in inflows last week—marking the largest weekly haul for the asset since mid-December 2025, according to CoinShares.
Institutional access is still available. The U.S.-listed XRP exchange-traded fund—basically, a listed product linked to the token—finished Friday at $7.69, marking a 0.5% gain, according to Reuters market data.
XRP, Ripple Labs’ token, continues to feel the impact from its drawn-out battle with the U.S. Securities and Exchange Commission. Back in August 2025, Reuters noted that the SEC closed out its lawsuit against Ripple, sticking the company with a $125 million penalty and a ban on institutional XRP sales. The judge’s earlier decision left sales on public exchanges outside the reach of securities law.
Still, geopolitics may dictate the next swing. On Saturday, Reuters said three supertankers managed to clear the Strait of Hormuz, yet hundreds more stayed backed up in the Gulf. Wong had flagged that markets might “turn very quickly” if weekend talks broke down. Should diplomacy pick up and shipping bottlenecks ease, some pressure might lift; but a collapse in the truce would put higher-risk assets back in the line of fire. Reuters
XRP is still trading roughly 63.5% under its record high, even after rising 2.2% in the last week. No sign of panic selling here, though—traders appear more willing to unload on rallies instead of chasing a breakout.
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