 ▲ Ripple (XRP) |
As global financial markets plunge into panic selling triggered by an oil shock stemming from the Middle East, XRP (Ripple) is drawing attention by showcasing strong resilience and attracting aggressive dip-buying from long-term investors.
According to investment outlet FX Empire on March 9 (local time), XRP was trading near $1.36 as of Monday, posting a modest gain of more than 1%. Despite sharp declines across U.S., Asian, and European stock markets amid heightened geopolitical tensions and a broader risk-off environment, XRP has maintained an unexpectedly stable price trajectory, effectively absorbing market shocks.
The most significant negative factor currently battering global capital markets is the surge in international oil prices. As tensions between the United States and Iran escalate into a full-blown energy supply crisis, Brent crude soared 27% to $117.65, while West Texas Intermediate (WTI) jumped 28.3% to $116.62. In particular, concerns over a potential blockade of the Strait of Hormuz—through which about one-fifth of global oil shipments pass—are fueling extreme fear in the market.
Soaring energy prices intensify inflationary pressures and reduce the likelihood of short-term rate cuts, acting as a strong downside factor for the cryptocurrency market. As the situation worsens, finance ministers from the Group of Seven (G7) are discussing coordinated releases of strategic petroleum reserves in cooperation with the International Energy Agency (IEA). Meanwhile, investors are closely watching the U.S. Consumer Price Index (CPI) for February, set to be released on Wednesday, March 11.
Amid such uncertainty, short-term traders are opting to stay on the sidelines. On cryptocurrency exchange Binance, XRP’s 30-day volume Z-Score has fallen to minus 1.16, while daily trading volume has shrunk to around 27 million tokens. This indicates that cautious sentiment dominates the market, with investors maintaining positions rather than engaging in aggressive chase buying.
In contrast, long-term holders are moving in a markedly different direction. According to Glassnode’s holder net position change data, large investors have been steadily accumulating XRP since December 2025, even as the price continued to decline from $2.35 to $1.35. Expectations are building over whether their firm buying at lower levels amid mounting negative factors will serve as a strong support base for a future rebound.
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