XRP surpasses Bitcoin and Ethereum as Trump rejects Iran proposal, retail investors focus on CLARITY Act

May 11, 2026

XRP demonstrated superior performance in comparison to Bitcoin and Ethereum following President Trump’s dismissal of Iran’s proposal. The rejection caused oil prices to surge, prompting the cryptocurrency market to remain steady. XRP maintained a 2% gain over the last 24 hours, catapulting it ahead of other leading cryptocurrencies in terms of market capitalization. Retail investors on platforms like Stocktwits showed a shift in sentiment towards XRP, moving from a ‘bearish’ to a ‘neutral’ stance.

Retail traders attributed XRP’s strength to the potential advancement of the CLARITY Act in the Senate, which stirred excitement among investors. The sentiment around Ripple’s stablecoin, RLUSD, also saw an improvement, transitioning from ‘bearish’ to ‘neutral’ ground. Conversations on Stocktwits hinted at the belief that XRP’s price could skyrocket to $10 if the CLARITY Act were passed, indicating a potential 500% surge.

Despite this optimism, some investors remained skeptical of the CLARITY Act clearing the Senate this week. Additionally, other cryptocurrencies like Dogecoin and Solana also experienced gains, outperforming Bitcoin and Ethereum. The price of Dogecoin surged by 1.5%, reaching around $0.109, while Solana’s price rose by 1.4% to just over $95.

On the other hand, Bitcoin and Ethereum struggled to maintain their positions. Bitcoin’s value hovered around $81,000, while Ethereum attempted to stay above $2,300. This sluggish movement occurred amidst Iran’s submission of a new proposal to U.S. negotiators, emphasizing the need for a peaceful resolution and the lifting of sanctions. Trump’s public disapproval of the pitch, deeming it “TOTALLY UNACCEPTABLE!” via a Truth Social post, added to the tension in the market.

The rejection of Iran’s proposal led to a notable spike in oil prices, with U.S. West Texas Intermediate crude oil leaping over 2% to surpass $96 per barrel, and Brent crude oil prices climbing by 3% to over $103 a barrel. The United States Oil Fund (USO) saw a 2% increase, but retail sentiment on Stocktwits shifted from ‘bullish’ to ‘neutral’ amidst minimal chatter.

Overall, XRP’s outperformance of Bitcoin and Ethereum underscores the impact of geopolitical events on the cryptocurrency market. The sentiment surrounding the CLARITY Act and investor speculations have contributed to XRP’s strong showing, exemplifying the dynamic nature of the digital asset landscape.