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XRP News Today: Ripple Token Eyes 10% Gains as Trump Announces Ceasefire

By
Yashu Gola
Published: Apr 8, 2026, 10:30 GMT+00:00

Key Points:

  • XRP rose around 4–5% to the $1.37–$1.38 range after the US-Iran two-week ceasefire reduced geopolitical risk and boosted global markets.
  • Bitcoin reclaimed $72,000, while broad crypto and equity markets rallied as oil prices and the US dollar dropped sharply.
  • Short liquidations across Bitcoin, Ether, and oil accelerated upside momentum, contributing to the rapid price move.
XRP bullish

XRP (XRP) climbed sharply Wednesday after the United States and Iran agreed to a two-week ceasefire, easing geopolitical tensions that had weighed on global markets for weeks.

Trump’s Ceasefire Rekindles Risk Rally, Boosting XRP

President Donald Trump announced the temporary halt to hostilities late Tuesday, with the deal including the reopening of the critical Strait of Hormuz.

Oil prices and the US dollar plunged on the news as the war premium evaporated. The ceasefire, which also covers fronts including Lebanon, triggered a broad relief rally across cryptocurrencies and equities.

Bitcoin (BTC) reclaimed $72,000, rising over 4%, and XRP gained roughly 4-5%, trading near $1.37–$1.38.

XRP/USD versus BTC/USD, BRENT, and the US dollar index daily chart. Source: TradingView

Short positions in Bitcoin, Ether (ETH), and oil were heavily liquidated, contributing to the sharp upside move.

Total crypto market liquidations in the last 24 hours. Source: CoinGlass

While the two-week window is short and fragile, it removes immediate escalation risks and opens the door for further negotiations.

FDIC Advances Stablecoin Rules, Boosting RLUSD Outlook

The FDIC took a major step toward US stablecoin regulation on April 7, unanimously approving a proposed rulemaking under the GENIUS Act.

The rule sets prudential standards for FDIC-supervised banks and subsidiaries issuing payment stablecoins, including 1:1 high-quality reserves, redemption at par within two business days, capital and liquidity requirements, and custody safeguards.

It explicitly states that stablecoins themselves are not eligible for FDIC deposit insurance, while clarifying that qualifying tokenized deposits receive standard treatment.

Analysts view the move as positive for compliant issuers like Ripple’s RLUSD, which is fully reserved and audited, potentially accelerating institutional adoption on the XRPL.

The proposal opens a 60-day comment period before finalization.

XRP Eyes Bounce Toward $1.56 After Holding Key Support

XRP is rebounding after once again defending the $1.32 support zone, a level that has capped downside attempts throughout late March and early April.

XRP/USD daily price chart. Source: TradingView

The latest uptick suggests selling pressure is fading near the range floor, raising the odds of a short-term recovery.

If buyers maintain momentum, XRP could climb toward $1.56 next, where the upper range boundary and a key horizontal resistance level may attract renewed selling pressure.

About the Author

Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.

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