NEW YORK, March 9, 2026, 13:26 EDT
XRP, the token closely tied to Ripple Labs, traded around $1.37 on Monday in New York, up about 2% but trailing gains in bitcoin, ether and solana after new flow data showed money leaving XRP-linked investment products. 1
The weaker showing matters because the outflows came even as the broader crypto sector still attracted money. Monday also brought a harsher macro test: oil briefly hit $119.50 a barrel, bond markets sold off and the dollar strengthened as investors worried a longer Iran conflict could reignite inflation and keep interest rates high. 1
CoinShares said funds that track digital-asset prices took in $619 million last week overall. XRP, though, “was the only major asset to see meaningful outflows,” with $30.3 million leaving XRP products while bitcoin drew $521 million, ether $88.5 million and solana $14.6 million, James Butterfill, the firm’s head of research, wrote. 1
By early afternoon, bitcoin changed hands near $68,781, ether around $2,023 and solana about $84.95. XRP’s move left it behind the market’s firmer rebound.
Across markets, the backdrop stayed uneasy. Reuters reported Brent was up as much as 28% before easing, and Rabobank strategist Lyn Graham-Taylor said trading felt “much more like in panic mode” as investors focused on the inflation shock from energy. 2
That pressure can spill into crypto quickly. Jonatan Randin, a senior market analyst at PrimeXBT, said, “When geopolitical risk rises this quickly, institutions reduce exposure to risk assets,” while Bitlease founder Nima Beni described the late-week selling as position-cutting rather than a collapse in conviction. 3
But the next move may depend less on Ripple-specific headlines than on crude. Talks among G7 finance ministers over a possible release of emergency oil reserves helped pull prices off their highs, yet Jefferies economist Mohit Kumar warned that a months-long spell above $100 would call for a much sharper repricing in equities. For XRP, that would raise the risk of another test of Monday’s $1.33 low. 4
XRP remains unusually sensitive to regulatory shifts because its biggest legal overhang only lifted recently. The SEC said in August 2025 it had ended its case against Ripple and agreed with the company to drop appeals, leaving a $125 million fine and an injunction on institutional sales in place but closing one of crypto’s longest-running fights. 5
