NEW YORK, March 10, 2026, 14:00 UTC-04:00
XRP jumped close to 4% Tuesday, trading near $1.42 after concerns over a long-lasting Middle East oil shock faded and cryptocurrencies caught a bid. Bitcoin crossed back over $70,000. XRP hit an intraday peak at $1.44.
This one stands out, considering funds flowed out of XRP-linked crypto products despite the rebound. CoinShares put last week’s outflows from XRP vehicles at $30.3 million, even as digital asset products broadly saw net inflows. That makes it look like Tuesday’s XRP bounce was more about the wider market turning up, not anything specific to XRP itself.
The mood swing wasn’t limited to crypto. Oil slid over 12% after U.S. President Donald Trump suggested the Iran conflict might wrap up soon. European equities, for their part, logged their sharpest single-day jump in months. “Clearly Trump’s comments about a short-lived war have calmed markets,” Suvro Sarkar, energy sector team lead at DBS Bank, told Reuters. Reuters
Bitcoin climbed 3.4% by mid-afternoon in New York, trading at $70,874. Ether pushed higher too, up 2.9% to $2,074.99. As for XRP, its move kept pace with the broader crypto bounce, not breaking out on its own.
XRP lagged behind other major tokens in fresh flow data, continuing to show softer numbers. Digital-asset investment products brought in $619 million last week, according to CoinShares. Bitcoin dominated with $521 million of those inflows. Ether came in next, attracting $88.5 million, while solana accounted for $14.6 million. XRP, however, stood out as the only major asset with significant outflows.
XRP draws attention after its entanglement in Ripple’s protracted battle with U.S. regulators. The SEC wrapped up its lawsuit in August 2025, hitting Ripple with a $125 million penalty. Still standing is the prior court decision: XRP sales on public exchanges did not constitute securities transactions.
Still, policy uncertainty hangs over the sector. Negotiations over the Clarity Act—a measure designed to clarify which U.S. regulations cover crypto tokens—have stalled again, as banks shot down a compromise hammered out by the White House. “The calendar is becoming the enemy of this bill,” Stifel’s Brian Gardner noted in a message. Reuters
The rebound isn’t locked in. On Tuesday, the U.S. and Israel ratcheted up airstrikes on Iran, raising fresh concerns. Analysts flagged that oil supplies won’t bounce back in a hurry, even if fighting lets up—Simon Flowers, chair and chief analyst at Wood Mackenzie, put it this way: “cranking up the supply chain won’t be swift.” As for XRP, it’s the same pattern: bursts higher when jitters calm, but gains evaporate fast when macro fear creeps back in.
