XRP News Today: Middle East Ceasefire Hopes Lift Ripple Token Prices

XRP (XRP) climbed as easing fears of a broader Middle East spillover improved risk sentiment, helped by reports that Iran is pushing for a ceasefire.

Risk Assets Stabilize as US Allies Push for Iran Deal

The XRP/USD exchange rate jumped by over 2% to reach $1.35 on Monday.

Axios reported that US allies are pushing for a last-minute deal with Iran, citing unnamed sources familiar with the talks.

Those sources said the odds of securing an agreement within the next 48 hours remain low. Over the weekend, President Donald Trump escalated pressure by threatening to target Iran’s power plants starting Tuesday.

Tehran, however, rejected his latest ultimatum, which called for the reopening of the Strait of Hormuz.

Risk sentiment improved on Monday, with S&P 500 futures rising 0.2%. Brent crude traded near $108 a barrel, while the US dollar weakened and the yield on 10-year Treasuries held around 4.36%.

Trading activity remained relatively subdued, however, as several markets across Europe and Asia were still closed for the Easter holiday.

Traders are latching onto any headline that could shift sentiment after the Iran war darkened the economic outlook, stoked inflation concerns, and further clouded the path for Federal Reserve rate cuts.

Focus remains squarely on oil prices and the Strait of Hormuz, a vital artery for Middle East crude shipments.

Ripple Expands Gemini Credit Facility to $250M

Ripple expanded its financing support for Gemini after the exchange disclosed in its latest annual report that a Ripple-backed credit facility was amended in December to temporarily raise total capacity to $250 million through July 1, 2026.

JUST IN: Gemini’s SEC filing confirms a $250m credit line from Ripple, with $RLUSD now contractually required to be held and actively used or face penalties pic.twitter.com/XasIxUf4Fp

— crypto.news (@cryptodotnews) April 5, 2026

The update is notable because the revised terms came with tighter conditions: the interest rate increased to 7.0% from 6.5%, and could climb to 10.0% if Gemini does not reduce borrowings to $150 million or less by July 2.

The amendment also added RLUSD-linked collateral and operating covenants, further deepening Gemini’s financial ties to Ripple.

XRP Rising Wedge Breakdown Targets $1.12

XRP has entered the breakdown phase of a rising wedge visible on the daily chart, a bearish pattern that forms when price compresses inside two upward-sloping trendlines after a decline.

The token has already slipped below the wedge’s lower support and is now attempting a typical post-breakdown retest near the 50-day EMA around $1.42. That area is acting as immediate resistance.

If XRP fails to reclaim the broken trendline and EMA cluster, the setup points to a deeper move lower. The pattern’s measured downside target comes in near $1.12, implying roughly 17% downside from current levels.