EL7.AI
CryptoMedium•28 May 2026•
1 min read

XRP Plunges to February Lows Amid Military Tensions in Strait of Hormuz

Key Facts

1XRP price dropped sharply to $1.2723, a level not seen since February.
2The decline coincided with US military operations targeting an Iranian installation near the Strait of Hormuz.
3Geopolitical tensions sparked widespread liquidations across the cryptocurrency market.

Amid escalating geopolitical risks casting a shadow over high-risk assets, cryptocurrencies have faced intense selling pressure. The price of XRP dropped sharply to $1.2723, marking its lowest level since February. This decline coincided with reports of US military operations targeting an Iranian installation near the Strait of Hormuz, sparking widespread liquidations across the cryptocurrency market.

These military actions in a strategic global energy transit point have driven investors away from altcoins toward safe-haven assets. Looking at broader market performance, Bitcoin fell by over 4% in recent hours per market data, while Ethereum saw a similar decline, with total crypto futures liquidations exceeding $200 million in 24 hours according to Coinglass data.

Traders should monitor technical support levels for XRP near $1.25, with the price sitting at $1.2723 (close May 27, 2026). According to the economic calendar, upcoming US Initial Jobless Claims (May 28) may influence Dollar direction and risk appetite, while any further escalation in the Gulf region remains the primary catalyst to watch.