FX.co ★ XRP/USD

XRPUSD XRP fell by about 0.50% to $1.42 on Friday, failing to maintain its upward trend. The downward trends coincided with oil's continued strength and a decline in global risk sentiment brought on by the US-Iran peace negotiations' lack of progress. The macro effect was felt in all markets. While global stocks monitored by MSCI's All-Country World Index (ACWI) headed for a weekly fall, US 10-year Treasury rates and the dollar index both headed for their first weekly gains in a month. The Strait of Hormuz has been essentially blocked because of the lack of development, which has disrupted international oil flows and raised supply concerns. For the sixth time in three weeks, GraniteShares has postponed the debut of its 3x Long and 3x Short XRP ETFs from April 23 to May 7. The first regulated product that would enable traders to short XRP with three times the leverage using a typical US brokerage account is the 3x Short XRP ETF. The SEC's previous opposition to comparable products, like ProShares' decision to cancel its own 3x XRP ETF plans in December 2025, is what caused the delay. The 2026 launch could be in jeopardy if there is another delay on May 7. Ahead of CIO Matt Hougan's planned appearance at XRP Las Vegas on April 30, Bitwise stated that a new crypto cycle is emerging and that assets like XRP could be among the beneficiaries. David Schwartz, the former CTO of Ripple, refuted persistent accusations from the XRP community that the coin is a component of a covert financial scheme supported by the government.