XRP News Today: Oil Bounce, Ceasefire Breaches Keep Ripple Token Under Pressure

XRP (XRP) came under pressure as disruptions in the Strait of Hormuz persisted and renewed Israeli strikes in Lebanon raised fears that the Middle East truce could break down.

Oil Rebound Spooks XRP Investors

XRP fell 1.18% intraday on Thursday and was down roughly 5% from its weekly high after touching a low near $1.34, as a fresh deterioration in macro sentiment weighed on risk assets.

XRP spot ETF flows also cooled to $0.00 in the latest daily reading after rebounding with roughly $3 million in net inflows on April 7, according to data resource SoSoValue.

The token had benefited earlier this week from a global relief rally, on hopes that a ceasefire in the Middle East would help reopen oil flows and improve the growth outlook.

That optimism faded as traders reassessed the situation.

Brent crude rebounded 3% to $97.64 a barrel after suffering its steepest drop in more than six years, while Wall Street and European stock futures slipped 0.3%.

At the same time, government bonds in the US, Japan and Australia weakened on concerns that higher oil prices could reignite inflation pressures, and the dollar rose against most major currencies as demand for safer assets returned.

The shift reflected how fragile the earlier relief rally had been, hurting XRP.

SBI Ripple Asia Completes Token Issuance Platform on XRPL

SBI Ripple Asia (a joint venture between SBI Holdings and Ripple) announced the completion of its token issuance platform built on the XRP Ledger (XRPL).

The platform is now registered as a Third-Party Prepaid Payment Instrument Issuer in Japan, enabling regulated businesses to issue and manage tokenized prepaid payment tokens (including multi-merchant JPY tokens) via APIs.

🚨 HUGEEEEEEE! $XRP 🚨

SBI Ripple Asia just announced COMPLETION of its XRPL Token Issuance Platform, aiming to build financial infrastructure with official registration as a Third-Party Prepaid Payment Instrument Issuer

Marking a MAJOR step for Tokenized Payments in Japan! 🇯🇵 pic.twitter.com/i5FRJvWj3u

— 🇬🇧 ChartNerd 📊 (@ChartNerdTA) April 7, 2026

This integrates blockchain payments into existing apps without major changes, supporting fast, low-cost transactions compliant with Japan’s Payment Services Act. It is expected to boost XRPL’s real-world utility and on-chain activity.

XRP Technical Analysis: Price Fails to Rally Above Key Moving Average

XRP is struggling to reclaim its 200-period EMA on the 4-hour chart, which has repeatedly capped upside attempts since mid-March. Each rejection from this dynamic resistance has led to lower highs, reinforcing a short-term bearish structure.

Price is now hovering just above a key horizontal demand zone near $1.30–$1.32. A breakdown below this range would likely trigger a move toward the $1.27 support level, which aligns with prior liquidity pockets and recent swing lows.

The macro backdrop adds pressure. Elevated oil prices, driven by ongoing disruptions in the Strait of Hormuz, are reviving inflation concerns, strengthening the dollar, and weighing on risk assets like crypto.

Unless XRP decisively reclaims the 200-period EMA, the path of least resistance remains to the downside.