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The price of XRP, the native cryptocurrency of Ripple, has recently traded in a narrow price range. On February 28, 2026, the price of XRP traded between US$1.34 and US$1.43, finally dropping below US$1.30. Despite the narrow price range, the market is highly sensitive to regulatory and geopolitical events.
The issue of cryptocurrency regulations continues to be an important topic for XRP as well as other digital currencies. US Treasury Secretary Scott Bessent recently stated that Congress needs to move quickly on a crypto market structure bill.
Ripple’s CEO, Brad Garlinghouse, has also shown positive sentiments regarding the passage of the proposed Clarity Act, which will provide a more defined regulatory environment.
The comments by Mr. Bessent, as well as Mr. Garlinghouse, highlight the significance of regulatory clarity.
According to analysts, the uncertainty associated with the regulatory environment for digital currencies has resulted in XRP’s price being range-bound. Analysts also noted that US$1.28 is a key support level for XRP, while US$1.43 is the initial resistance level.
If XRP’s price drops below US$1.28, it may signal further decline, while breaking above US$1.43 may indicate more buying pressure.
XRP’s recent weakness may also be attributed to the general market conditions that have been influenced by geopolitical events. A sharp decline in the overall cryptocurrency market was experienced following news of military strikes by the US and Israel on Iranian targets. This led to a 6% decline in the overall capitalization of the cryptocurrency market, resulting in a 9.17% decline in the price of XRP to US$1.28.
During this period, there was an increase in the overall volume by 27.82%, reaching US$3.89 billion. This demonstrates that there was significant activity in the overall market, leading to the overall decline in the prices of most assets.
The decline in the prices of assets due to geopolitical events demonstrates the overall market's susceptibility to such events. During this period, XRP’s performance was not impressive, considering that the price of Bitcoin performed better than that of XRP.
Also Read: Best New Cryptocurrency to Invest in 2026 for Faster Gains Than Ripple (XRP)
Despite the current volatility in the price of XRP, Ripple is laying the groundwork for a stronger ecosystem that will be less susceptible to current market conditions. Recently, Ripple announced that it will change its funding approach for the XRP Ledger to a more decentralized approach. This change will enable community-led initiatives and will attract venture capital funding for the overall XRP ecosystem.
Ripple is also seeing an increase in decentralized finance on the XRP Ledger. Recently, there were 3 million FXRP tokens minted on February 27, 2026, with a significant amount being locked up in decentralized finance. This may be a positive sign for the overall XRP ecosystem, considering that most tokens that were minted were not sold by their long-term holders. This may be a sign that the overall XRP ecosystem will stabilize in the long term due to the increase in decentralized finance.
