XRP News Summary - April 24, 2026

Author: Yashu Gola

Published: April 24, 2026, 07:20 GMT+00:00

Key Points

• XRP dipped 1.50% to $1.42 as rising oil prices and stalled US–Iran talks pressured global risk sentiment.
• Brent crude climbed above $105.50 for a fifth straight day, while US yields and the dollar rose, leading to a decline in global equities.
• GraniteShares delayed its 3x Long and Short XRP ETFs to May 7, marking the fifth postponement in three weeks amid regulatory pressure.

Market Overview

XRP experienced a decline of approximately 0.50%, settling at $1.42. This downturn was influenced by the continued rise in oil prices, which have been climbing for five consecutive days, alongside a lack of progress in US–Iran peace negotiations. The situation has negatively impacted global risk sentiment.

Oil Prices and Market Impact

Brent crude oil prices have surged above $105.50 per barrel, contributing to a broader market impact. The US 10-year Treasury yields and the dollar index are both on track for their first weekly gains in a month, while global equities, as tracked by the MSCI’s All-Country World Index (ACWI), are moving towards a weekly decline. The ongoing tensions in the Strait of Hormuz have effectively closed the passage, raising concerns about global oil supply.

GraniteShares ETF Delays

GraniteShares has postponed the launch of its 3x Long and 3x Short XRP ETFs from April 23 to May 7. This marks the fifth delay in three weeks, following regulatory pushback from the SEC regarding similar products. The 3x Short XRP ETF would be the first regulated product allowing traders to short XRP with 3x leverage through a standard US brokerage account. Continued delays could jeopardize the planned 2026 launch.

Bitwise's Outlook on XRP

Bitwise has indicated that a new crypto cycle is emerging, which could benefit assets like XRP. This commentary comes ahead of CIO Matt Hougan’s scheduled appearance at the XRP Las Vegas event on April 30. Bitwise's interest in promoting broader crypto adoption through its investment products adds weight to its optimistic outlook on XRP.

Ripple's Former CTO Comments

David Schwartz, Ripple’s former CTO, has dismissed conspiracy theories suggesting that XRP is part of a secret government financial plan. He emphasized that there is no conspiracy or hidden agenda involving XRP and urged investors to focus on confirmed partnerships and the actual usage of the XRP Ledger rather than unfounded rumors.

Conclusion

The current market dynamics, particularly the rise in oil prices and geopolitical tensions, are exerting pressure on XRP and the broader crypto market. The delays in ETF launches and the mixed sentiments from industry experts highlight the ongoing challenges and potential opportunities within the cryptocurrency landscape.