TLDR

  • XRP declined 2.4% during a 24-hour period, reaching approximately $1.36 with trading activity between $1.34 and $1.40
  • Market-wide pressure emerged from Middle East tensions pushing oil prices upward
  • Ripple announced integration of stablecoin support, including RLUSD, into its payment infrastructure
  • Technical support level identified at $1.3320 while resistance appears at $1.3880
  • Market observers note RLUSD could serve similar functions as XRP within Ripple’s payment network

XRP experienced a 2.4% decline during a 24-hour trading period, settling around $1.36 on Tuesday, March 3, 2026, based on CoinGecko figures. Trading activity for the token ranged from $1.34 to $1.40 throughout this timeframe.

xrp price
XRP Price

The token’s market capitalization hovered around $83 billion. Trading volume reached approximately $3 billion worth of XRP during the same 24-hour measurement.

The downturn occurred during a wider retreat in risk-oriented assets. Market participants cited intensifying U.S.-Israel military operations targeting Iran as a primary catalyst for the selloff.

“The market is concerned that the US is getting pulled deeper into this conflict,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder.

Bitcoin experienced similar downward movement, declining 1.35% to reach $68,496 during the corresponding timeframe. Iranian cryptocurrency exchanges recorded significant outflows totaling $10.3 million from Saturday through Monday, according to Chainalysis data.

Ripple Expands Payment Platform

On Tuesday, Ripple revealed plans to expand its Ripple Payments infrastructure to accommodate both conventional currencies and stablecoins. The company plans to feature its dollar-backed RLUSD stablecoin alongside XRP as primary instruments within the platform.

“Success in this space requires enterprise-grade infrastructure, extensive licensing, and deep liquidity,” said Monica Long, Ripple’s president.

Ripple has steadily transformed its business model toward stablecoin infrastructure throughout the previous year. The company acquired Rail, a stablecoin payments provider, for $200 million and introduced RLUSD after the Genius Act provided enhanced regulatory framework for stablecoins.

What This Means for XRP

XRP has historically functioned as the bridge asset within Ripple’s international payment infrastructure. RLUSD presents an additional option inside the existing ecosystem.

Certain market analysts suggest this development presents questions regarding XRP’s value proposition. Financial institutions utilizing XRP for payment services typically convert assets almost instantaneously, generating minimal sustained demand influence.

RLUSD provides a stable, regulated alternative that may attract greater interest from banking entities and financial service providers.

Regarding technical analysis, XRP currently trades beneath its 100-hourly Simple Moving Average. A bearish trend line has developed with resistance positioned around $1.3880 on the hourly timeframe.

Should the price breakthrough $1.3880, subsequent resistance levels appear at $1.40 followed by $1.4320. Regarding downside potential, support emerges at $1.3320, with additional support at $1.3085.

XRP reached peak values approaching $3.50 during late 2025 before entering correction territory. The token has maintained trading below $1.50 following that adjustment.

As of Tuesday, XRP traded at roughly $1.36.