XRP price stays near $1.13 amid Fed outlook and US‑Iran tensions

XRP traded around $1.13, slipping about 1.5% in the last 24 hours as investors retreated from risk‑on assets. The move reflected fading expectations of further Federal Reserve rate cuts and a broader macro‑driven pull‑back from high‑volatility crypto.

Ripple’s Swell 2026 conference in New York drew criticism over the company’s RLUSD stablecoin, prompting a wave of community backlash. At the same time, the firm highlighted its African expansion through a partnership with payment processor Flutterwave.

On‑chain data showed large XRP holders (“whales”) reduced their combined balance by roughly 30 million tokens between June 13 and June 17, adding short‑term selling pressure. The decline coincided with the postponement of US‑Iran negotiations and renewed geopolitical tension following Israel’s strike in South Lebanon.

The broader cryptocurrency market also weakened: Bitcoin fell below $65,000 after hawkish Fed commentary, while other majors such as Ether, Solana and Cardano posted losses. Analysts point to macro‑economic, geopolitical and regulatory risks as the main drivers of the current crypto‑market “earthquake.”