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Preheat oven to 350 degrees F and thoroughly grease a 9×13 baking dish.
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Open crescent dough and separate into triangles.
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Place one or two peach slices (depending on size) at the wide end of the dough triangle. Sprinkle with a pinch of cinnamon and roll dough around peach.
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Once dough is secure, move dumpling to the baking dish. Repeat with the rest of the dough.
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Melt the two sticks of butter in a large bowl and combine with the white sugar, brown sugar, and the remaining cinnamon until smooth.
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Using a large spoon, pour the butter mixture over the dumplings.
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Pour the Sprite around the dough avoiding the tops for a crispy crust to the dumplings.
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Bake for 30-35 minutes or until the dough is just browning on top.
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Serve warm and top with vanilla ice cream.
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