XRP Lost 9% as Israel Strike in Iran Stokes Selloffs
Ripple (XRPUSD) price crashed by 9.17% over the last 24 hours to $1.28 in line with broader market selloffs following Israel’s strike in Iran. The sell-off was confirmed by a 27.82% surge in volume to $3.89 billion in 24 hours, indicating strong distribution.
The crypto market saw a sudden and sharp crash after news of U.S. and Israeli strikes on Iran, raising geopolitical tensions in the Middle East.
In just one hour, the entire crypto market came under pressure, with total market cap falling by about 6% to $2.2 trillion on Saturday. The sell-off triggered a wave of forced liquidations across crypto derivatives markets.
According to CoinGlass data, 152,275 traders were liquidated in the past 24 hours, with total liquidations reaching $515 million. The largest single liquidation occurred on Aster in the BTCUSDT pair, valued at $11.17 million.
The Fear & Greed Index sits at Extreme, reflecting negative sentiment. XRP’s 9.17% decline is roughly 1.7x Bitcoin’s 5.49% drop, indicating it is underperforming in a risk-off environment.
XRP is not moving in isolation; it is being swept up in a liquidity pull from risk assets, with no defensive flow to support it. A turnaround in broader market sentiment, often led by Bitcoin holding key levels.
The immediate path depends on holding the prior swing low of $1.13. If that support holds, XRP may consolidate between $1.13 and the broken support-turned-resistance at $1.30.
Meanwhile, Ripple announced a major shift in its XRP Ledger (XRPL) funding strategy for 2026, moving from a centralised model to a distributed network involving DAOs, independent hubs like XRPL Commons, and venture partners.
Since 2017, Ripple has deployed over $550 million into nearly 200 projects. Crypto analysts said this is bullish for XRP’s long-term ecosystem health because it reduces reliance on a single entity and empowers community-driven development.
It signals maturation and could attract more diverse, sustainable innovation on the XRPL. On February 27, over 3 million FXRP (wrapped XRP on Flare) were minted in 24 hours, bringing the total supply to nearly 106 million.
Approximately 70% of this supply is locked in DeFi protocols, indicating holders are opting for yield rather than selling. This is a cautiously positive signal for XRP because it shows high-conviction holders are leveraging DeFi for utility, which can reduce immediate sell-side pressure. XRPUSD Slides to $1.41 on ETF Outflows
