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XRP held firm at $1.25 on Monday as Ripple gained institutional custody via BNY Mellon, raising expectations that the token will meet crypto analysts’ price target. In the last 24 hours, trading volume rose about 65% to $1.3 billion, data from top cryptocurrency exchanges revealed.

Oil prices dipped on Tuesday as US President Donald Trump signalled progress in negotiations to end joint US-Israeli strikes on Iran, while warning that the country’s critical energy infrastructure would be at risk if talks fail.

Ripple (XRP) price declined by 3.49% to $1.31 over the past 24 hours, amidst a surge in trading volume on Tuesday. With the broader market moving lower, XRP underperforms amid macro-driven risk aversion and a lack of immediate bullish catalysts.

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