XRP News Today: Trump’s Hawkish Tone, Gemini’s $128M RLUSD Burn in Focus

XRP (XRP) traded under pressure Thursday as Trump’s hawkish Iran speech sparked a broader crypto sell-off, even as late-March whale withdrawals topped $592 million and Gemini burned $128 million in RLUSD on the XRP Ledger.

Trump Dashes Iran De-escalation Hopes

President Donald Trump’s Wednesday address dampened hopes for a near-term easing in the US-Iran conflict, triggering a fresh risk-off move across crypto markets.

Instead of signaling de-escalation, Trump said key military objectives were close to being achieved but warned that heavy action could continue for another two to three weeks.

He also threatened harsher strikes on Iran and raised concerns about securing oil shipments through the Strait of Hormuz.

Markets reacted by cutting risk. Bitcoin (BTC) fell from near $69,000 toward the $65,000–$66,500 area, down around 3%–5% intraday. Ether (ETH), Solana (SOL), and other major altcoins posted similar losses, while crypto liquidations topped $300 million in the last 24 hours.

XRP traded between $1.30 and $1.36, remaining within its recent consolidation range but moving lower with the broader market.

Oil prices jumped more than 7% to above $104–$107 a barrel on fears of supply disruptions, while US stock futures also turned lower.

The speech removed hopes of a quick geopolitical cooldown and reinforced concerns about higher energy prices, sticky inflation, and weaker risk appetite.

US nonfarm payrolls data is due on Friday, which could keep crypto markets, including XRP, volatile.

XRP’s Late-March Withdrawals Hit $592M on Binance and Coinbase

Large XRP holders sharply increased withdrawals from Binance and Coinbase in late March, signaling renewed accumulation, according to data shared by CryptoQuant.

After the 530 million XRP outflow on Feb. 6, whale withdrawals mostly slowed through mid-March.

Activity picked up again on March 27, when Binance saw 85 million XRP in large outflows worth about $113.9 million, while Coinbase recorded 138 million XRP worth about $184.9 million.

Together, that totaled nearly $298.8 million.

The trend continued on March 30. Binance logged 49 million XRP in outflows worth about $65.7 million, and Coinbase posted 170 million XRP worth about $227.8 million. Across the two days, combined outflows reached 442 million XRP, or roughly $592.3 million.

These withdrawals reduce sell-side exchange supply and are often viewed as a sign that whales are moving XRP into long-term holding or custody.

While still below the exceptional Feb. 6 spike, the late-March surge marks the strongest rebound in whale outflows in weeks and could support price if broader market conditions improve.

Gemini Burns $128 Million RLUSD on XRP Ledger

Gemini redeemed about $128 million worth of RLUSD on March 31, burning the stablecoins on the XRP Ledger in two transactions of roughly $79 million and $49 million.

Gemini Just Burned $128,000,000 $RLUSD on #XRPL in Two transactions ($79M and $49M) on March 31, as Supply Drops to $189M, Vet Highlights.

Ripple minted 10 million RLUSD on Ethereum shortly after the XRPL-based burns.

RLUSD burns have reached $233.8 million in the past week,… pic.twitter.com/G47YLju7ND

— TheCryptoBasic (@thecryptobasic) April 1, 2026

The move was part of normal stablecoin supply management. When tokens are burned, the issuer removes them from circulation and unlocks the equivalent amount of US dollar backing.

Following the redemption, RLUSD’s circulating supply on the XRP Ledger fell to around $189 million.

The transaction points to active liquidity rebalancing within the XRPL ecosystem, with large players continuing to adjust stablecoin supply to meet demand and settlement needs.