XRP News Today: Ripple Token Eyes 15% Rally on US–Iran Truce Hopes

XRP (XRP) rose in tandem with global equities on Wednesday after US President Donald Trump announced an extension of the Iran ceasefire, boosting investor confidence and supporting broader risk appetite across financial markets.

Oil Spikes Despite Extended Ceasefire: Bad for XRP?

The XRP/USD exchange rate jumped 1.77% to reach an intraday high of around $1.46.

Trump’s latest Iran comments kept crypto markets focused on geopolitics Wednesday.

He said in Truth Social posts that Pakistan had asked the US to hold off on fresh strikes and that Washington would extend the ceasefire until Iran submits a new proposal and talks are concluded “one way or the other.”

At the same time, he warned that without the blockade, “there can never be a Deal with Iran,” underscoring how fragile the truce remains.

Oil prices stayed elevated despite the ceasefire extension, with tBrent trading near $98.16 a barrel on Wednesday after recent sharp gains, showing that traders still see a meaningful risk of supply disruption around the Strait of Hormuz.

That matters for XRP because the token has recently traded as a high-beta risk asset: when ceasefire headlines lift equities and broader sentiment, XRP tends to benefit, but persistently high oil prices can keep inflation fears alive and limit upside by tightening the macro backdrop for crypto.

Ripple Moves $107 Million Worth of XRP On-Chain

Ripple moved 75 million XRP, worth about $107 million across a series of company-linked wallets and intermediary addresses between April 20 and April 21, according to data tracked by Whale Alert.

On-chain data shows that roughly 50 million XRP was eventually routed to Coinbase-linked wallets, raising doubts that Ripple may want to sell the stash via the US crypto exchange.

Still, large XRP movements of this kind are common in Ripple’s ecosystem and are typically associated with exchange liquidity management, ODL flows, or internal fund reshuffling.

XRP price action remained relatively stable during the transfers, reinforcing the view that the move did not reflect unusual selling pressure.

XRP Liquidity Outlook Strengthens As Binance Stablecoin Inflows Rebound

CryptoQuant data suggests fresh liquidity may be building behind XRP’s recent market structure.

The number of ERC-20 stablecoin deposits to Binance has surged, briefly approaching 85,000 transactions per day, the highest level in months.

The exchange’s total stablecoin reserves have recovered to $47.7 billion after a prolonged decline.

That combination points to capital returning to major trading venues, often a sign that investors are preparing to deploy funds into risk assets such as XRP.

If the trend continues, XRP could benefit from stronger spot demand and improved trading depth, increasing the odds of a broader upside acceleration in the weeks ahead.

XRP Price Forecast: Cup-and-Handle Revives Bullish Hopes

XRP appears to be forming a classic cup-and-handle pattern on the 4-hour chart, signaling a potential bullish continuation.

The rounded bottom developed between mid-March and early April establishes the “cup,” followed by a consolidation phase forming the “handle” near the $1.45–$1.50 resistance zone.

This structure typically precedes an upside breakout if confirmed by strong volume. A decisive move above the neckline could open the door toward the $1.65–$1.70 range, aligning with the pattern’s measured target.

However, failure to hold above the $1.40 support may invalidate the setup and delay the anticipated bullish momentum in the near term.