XRP News Today: A 60% Price Rally Setup Brewing Despite US–Iran War

XRP (XRP) slipped during the Asian trading session on Thursday, down by over 0.50% to $1.36.

The Ripple-associated token traded under pressure as the Iran war pushed oil toward $100 and rattled risk markets. Meanwhile, Ripple launched a $750 million share buyback and moved to secure an Australian finance license.

On-chain data showed Binance XRP reserves hitting a 10-month low, while technical charts point to a potential rebound toward $2.19.

Let’s examine these top XRP news stories of the day in detail.

Iran War Escalation, Shipping Attacks Weigh on XRP

The US–Iran war kept oil markets on edge, adding to inflation and risk-off concerns across global assets.

Brent and WTI crude jumped back toward $100 on March 12 after two Iraqi fuel tankers were hit in Iraqi territorial waters by suspected Iranian explosive-laden boats, deepening fears of a broader supply disruption across the Gulf.

The market is also closely watching the Strait of Hormuz. Iran has laid about a dozen naval mines, threatening the route that carries around 20% of global oil and LNG flows.

Iran’s military has warned that oil could reach $200 per barrel if the conflict worsens.

President Donald Trump said the war would end soon and that there was “practically nothing left” to target.

At the same time, India’s S. Jaishankar spoke with Iran’s foreign minister as New Delhi pushed for safer tanker passage through Hormuz after attacks on commercial shipping.

Ripple Announces $750M Share Buyback

Ripple has launched a tender offer to repurchase up to $750 million of its own shares, according to Bloomberg, in a deal that values the company at about $50 billion.

The offer gives employees and early investors an opportunity to sell shares in a structured liquidity event while Ripple remains privately held. Bloomberg said the tender is expected to remain open through April.

The latest valuation marks a sharp increase from Ripple’s January 2024 tender offer, which Reuters reported valued the company at about $11.3 billion.

The buyback comes as Ripple expands its payments business and pushes deeper into regulated financial infrastructure markets. Unlike exchange-traded crypto products or spot token purchases, however, the tender applies to Ripple’s private equity, not XRP itself.

Ripple Moves to Secure Australian Finance License via BC Payments Deal

Ripple said it plans to secure an Australian Financial Services Licence through the proposed acquisition of BC Payments Australia Pty Ltd, a move aimed at expanding its regulated payments offering across the Asia-Pacific region.

The company said the license would allow it to provide a more complete end-to-end payments stack in Australia, including settlement, access to local payout partners, and transaction routing through a single integration.

Ripple added that its APAC payments volume nearly doubled year over year in 2025, underscoring the region’s growing importance to its cross-border payments business.

Australia is already an active market for Ripple, with existing customers including Novatti Group, Stables, Caleb & Brown, Flash Payments, Independent Reserve, and Hai Ha Money Transfer, according to the company.

The proposed acquisition remains subject to closing and regulatory processes.

Binance XRP Reserves Drop to 10-Month Low

Binance’s XRP reserves fell to $3.7 billion on March 10, their lowest level since April 2025, according to on-chain data tracking the dollar value of XRP held on the exchange.

The decline extends a recent downtrend from about $3.9 billion on March 6, suggesting that XRP supply on Binance has continued to tighten over the past several days.

The metric reflects both the amount of XRP held on the exchange and the token’s market price. Earlier in January and July 2025, Binance’s XRP reserves had climbed above $10 billion before later falling sharply.

Exchange reserve data is often watched as a gauge of immediately available sell-side supply in the market.

XRP Technical Analysis: Falling Wedge Signals Potential 60% Price Rebound

XRP appears to be forming a falling wedge pattern on the weekly chart, a structure typically associated with bullish reversals after a prolonged downtrend.

The price has been compressing between two descending trendlines since mid-2025, with the lower boundary now acting as key support near the $1.30–$1.35 region.

At the same time, the relative strength index (RSI) on the weekly timeframe has slipped into oversold territory, indicating fading selling momentum. Historically, similar RSI conditions have preceded strong rebounds in XRP.

A confirmed breakout above the wedge’s upper trendline could open the door for a rally toward $2.19, roughly 60% above current levels.