XRP Price Gets Burnt After Dancing on Fire as Geopolitical Chaos and Profit-Taking Snuff Out the Rally
XRP (XRP-USD) saw its price get burnt toda as it fell by almost 3% following a week of dancing on fire. The excitement from its recent “digital commodity” win is starting to fade as geopolitical chaos and profit-taking work together to snuff out the rally. While XRP is still the fourth-largest cryptocurrency, these pressures have pushed the price down to around $1.39 this afternoon.
Claim 30% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Traders Support a Cool Down after Landmark Win
The recent rally began on March 17, when the SEC and CFTC officially labeled XRP as a “digital commodity.” This move ended years of legal battles over whether the token was a security.
Many investors who enjoyed the 45% jump are now selling their tokens to lock in gains. This tactical selling is creating the downward pull we see today. Even with this dip, XRP remains up about 4% from its monthly lows, as buyers try to keep the price above the critical $1.40 support level.
Global Tensions Create Market Pressure
Ongoing conflict in the Middle East continues to weigh on risky assets like crypto. While President Trump recently signaled a five-day pause on potential strikes against Iran, the market remains on edge.
Earlier today, oil prices (CM:CL) settled near $100, which helped strengthen the U.S. Dollar. A stronger dollar typically makes it harder for XRP to gain ground because investors move their money into safe assets like cash and government bonds. The uncertainty in the Strait of Hormuz is keeping a lid on the crypto market and preventing any major breakouts this afternoon.
XRP’s Network Activity Brings Growth
Even though the price is falling, the actual usage of the XRP Ledger is exploding. Network data shows that the number of payments jumped 100% over the last 24 hours.
This spike in activity reflects more companies using the ledger for real-world business. For example, Evernorth recently announced plans to use the XRP Ledger for large-scale cross-border lending and settlement. This growing utility is what many analysts believe will eventually stop the price from falling further.
XRP ETF Decision Creates the Next Major Catalyst
All eyes are now on March 27, which is the final deadline for several XRP ETF applications. Since the “commodity” classification is now official, many experts believe the SEC has no legal reason to block these funds.
If the first XRP ETF is approved on Friday, it could trigger more institutional buying.
At the time of writing, XRP is sitting at $1.39.
Copyright © 2026, TipRanks. All rights reserved.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nvidia falls to its lowest valuation in 14 years! "Super bull" Tom Lee calls for bottom fishing, retail investors are buying more as it drops, but Wall Street is divided
After the market opened on Thursday, retail investors went against the trend and bought up Nvidia, with net purchases reaching $111 million in just half an hour, setting a record for the same period. Investors such as Tom Lee have publicly supported the company, with institutions optimistic about strong order backlogs extending to 2028, robust revenue growth, and opportunities created by declining valuations. Meanwhile, institutions like Bernstein and Goldman Sachs have become more cautious about Nvidia's outlook, with concerns focusing on management succession and technological leadership following Jensen Huang's departure.
Jane Street boosts Fidelity Bitcoin ETF stake 8x in Q3, trims BlackRock IBIT
From SpaceX to Anthropic, the market has new strategies for dealing with tech giants' IPOs
The market's response strategies to major listings are currently centered around "index inclusion expectations": the new regulations allow mega IPOs to be included in the six major indices within 15 days, triggering concentrated buying by passive funds. Investors are positioning themselves in advance and using options to hedge and amplify buying power. However, Anthropic has a free float of only about 6%; shares available for sale by employees on the first day and privately placed shares with no lock-up period may create supply pressure. On the other hand, index arbitrageurs are facing a rare opportunity.
Nvidia Q3 Earnings Preview: Revenue Expectations and Key Metrics to Watch
Crypto prices
More
