The closure of the Strait of Hormuz, a direct consequence of the war in Iran, has spiked oil prices to $115 per barrel, rattling all risk assets, including XRP. Ripple’s internal wallet transfer of $200 million on March 9 is another bearish catalyst, fueling sell-off speculation, or, as pundit Xaif Crypto suggests, a prelude to a major operational move. Whether the current scenario marks the market bottom or a prelude to new lows, XRP’s price action will be significant in the coming days.
Author: Eric Dunne
Published at: 2026-04-04 21:43:18
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