XRP News Today: XRP Slips to $1.08 as Garlinghouse Reveals Ripple Once Considered Winding Down

Last Updated: July 13, 2026

XRP fell alongside the broader crypto market on July 13, 2026, trading near $1.08-$1.09 as a fourth round of US strikes on Iran spiked oil prices and pressured risk assets globally. The more striking XRP story this week isn’t about price — it’s a revelation from Ripple CEO Brad Garlinghouse, who disclosed that he and co-founder Chris Larsen once seriously considered shutting the company down and distributing its XRP holdings directly to shareholders, before ultimately deciding to fight the SEC’s 2020 lawsuit instead.

Key Takeaways

• XRP fell roughly 1.3-2% over 24 hours to trade near $1.08-$1.09, tracking the broader market’s Iran-driven risk-off move
• Ripple CEO Brad Garlinghouse revealed that he and Chris Larsen once weighed winding down the company and handing its XRP to shareholders rather than fighting the SEC’s 2020 lawsuit
• The disclosure adds new context to Ripple’s multi-year legal battle, which ultimately concluded with XRP’s status as a non-security in secondary sales
• The pullback follows a strong prior week for XRP, which had held most of its gains near $1.13 before this week’s broader macro-driven decline
• Fed Chair Kevin Warsh’s semiannual testimony (July 14-15) and June CPI (July 14) are the key macro events likely to shape XRP’s direction alongside the rest of the market this week

XRP Market Overview

Data sourced from CoinMarketCap and CoinGecko. Prices are volatile and change continuously — confirm with a live source before trading.

XRP Price Analysis

XRP’s slide to $1.08-$1.09 tracks the broader crypto market’s reaction to renewed Iran-US tensions rather than any XRP-specific catalyst. The pullback comes after XRP held up relatively well over the prior week near $1.13, meaning today’s move represents a giveback of recent gains rather than a break of any major support structure. The token remains within its broader multi-week range, with the key technical question being whether it can hold above the $1.05 zone that’s provided support through recent volatility.

Why Is XRP in the News Today?

Garlinghouse’s Revelation About Ripple’s Near-Shutdown

In a notable disclosure, Ripple CEO Brad Garlinghouse said that he and co-founder Chris Larsen seriously considered winding down Ripple entirely and distributing its substantial XRP holdings directly to shareholders, rather than committing the company to a prolonged legal fight against the SEC after the December 2020 lawsuit. The company ultimately chose to fight — a decision that took years and significant resources to resolve, but one that preserved Ripple as an operating company and arguably strengthened XRP’s long-term legal standing once the litigation concluded favorably on the question of secondary-market sales. The revelation offers rare insight into how close XRP’s entire corporate backing came to disappearing at a pivotal moment.

Broader Market Weakness Explains Today’s Price Move

XRP’s decline today mirrors the same Iran-driven selloff affecting Bitcoin, Ethereum, and most major assets — oil prices spiked after a fourth round of US strikes on Iran and a reported closure of the Strait of Hormuz, reviving inflation concerns that pressure risk assets broadly. There’s no XRP-specific negative catalyst behind today’s move.

For more context, see today’s Bitcoin News Today, Ethereum News Today, Crypto Market Today and the full Crypto News Today roundup.

What This Means for the Days Ahead

XRP’s near-term path will likely track the broader market’s response to this week’s macro calendar — Fed Chair Warsh’s testimony and Thursday’s CPI print — more than any XRP-specific development. On the legal/narrative side, Garlinghouse’s disclosure about Ripple’s near-shutdown adds a layer of historical context that may resurface in ongoing discussions about Ripple’s institutional credibility, though it’s unlikely to move price in the near term.

XRP Support and Resistance Levels

Support and resistance zones reflect recent price structure and are illustrative, not guaranteed — confirm with a live charting tool before trading.

Compare Crypto Prices Today

Where to Buy XRP

XRP is available on all major centralized exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, OKX, and Bybit, as well as through spot XRP ETFs for investors who prefer brokerage-based exposure.