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.
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.
Short positions in Bitcoin, Ether (ETH), and oil were heavily liquidated, contributing to the sharp upside move.
While the two-week window is short and fragile, it removes immediate escalation risks and opens the door for further negotiations.
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.
BREAKING 🚨FDIC just approved stablecoin rules under the GENIUS Act.
Tokenized deposits now treated the same as traditional bank deposits.
Ripple’s RLUSD is built to comply with exactly this framework.
More RLUSD adoption means more $XRP demand.
The regulatory moat is filling pic.twitter.com/8dSdprwJEV— X Finance Bull (@Xfinancebull) April 8, 2026
The proposal opens a 60-day comment period before finalization.
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.
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.
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.