Ripple's XRP surged nearly 11 % on Monday, pushing the token above the $1.30 mark and positioning it as the second‑best performer among the top‑10 crypto assets. The rally also lifted XRP’s market capitalization, drawing renewed interest from investors.
Price Momentum
Bitcoin climbed past $66,000, while Ethereum traded above $1,800, reinforcing a bullish trend across major cryptocurrencies. XRP breached the $1.250 level and eyes the $1.366 resistance, suggesting further upside potential.
Geopolitical Catalyst
Investors rallied after reports that the United States and Iran reached a preliminary peace agreement aimed at ending hostilities in the Middle East. Both governments confirmed progress, and Iran’s deputy foreign minister announced that a formal signing is slated for Friday.
Implications for Crypto Markets
The de‑escalation of tensions prompted a rotation back into risk assets, lifting demand for blockchain‑based investments