Quick overview

Live XRP/USD Chart

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XRP’s drop in price and volume indicated a bearish trend on the token and likely a loss of interest from market players, given recent events between Israel and Iran.

 

The altcoin marginally declined on Thursday, down from $2.25, representing a 3.53 percent weekly loss. The volume of daily trades fell 37.36 percent to $3 billion.

XRP’s total market capitalization is currently worth $128 billion.

The altcoin market broadly declined on Thursday as geopolitical tensions escalated after a media report stated the U.S. was preparing for a military attack on Iran. Ahead of developments in the Israel-Iran conflict, investors were cautious, as evidenced by the weak buying pressure on XRP.

Market participants also carefully evaluated the Federal Reserve’s interest rate decision and Jerome Powell’s remarks regarding tariff-induced inflation.

Sentiment soured on Thursday after a Bloomberg report stated that senior U.S. officials were preparing for a potential strike against Iran, possibly over the weekend, signaling a direct escalation in the conflict.

U.S. President Donald Trump said on Wednesday he has “ideas” but would decide “one second before it’s due,” amplifying market uncertainty

This comes after Iran’s Supreme Leader, Ayatollah Ali Khamenei, rejected President Trump’s demands for unconditional surrender and stated that neither peace nor war could be imposed on the Islamic Republic. Meanwhile, the Federal Reserve’s decision on Wednesday to hold interest rates steady and Chair Jerome Powell’s warning that trade-related tariff inflation could pick up this summer further weighed on risk appetite.