XRP price surged following optimism around potential Iran–U.S. peace discussions, sparking renewed momentum across the cryptocurrency market. The XRP climbed 7% within 24 hours, reaching $1.46 as investor sentiment improved.
There was also a spike in trading activity with the volume increasing to 4.1billion being a 39.71% increase. The wider crypto market rebounded sharply off recent lows and rose by 6.28%, raising overall capitalization to 2.49 trillion. Bitcoin price rallied by 7% and is trading above the $73,000 mark. Ethereum also advanced firmly, crossing $2,100 after strong buying pressure.
Markets React as Iran Seeks Talks with U.S
The Iran-U.S. diplomatic signals lifted market mood and sparked a fresh rally across major cryptocurrency markets.
There were reports that Iran was calling on the United States to hold talks that would bring the war to an end.
The report prepared by the New York Times states that the message was sent via the intelligence channels of Iran. According to the officials, the message was sent to the Central Intelligence Agency via the middlemen of the spy agency in Iran.
U.S. President Donald Trump previously conceded effort to contact, but stated that negotiations could be delayed. The easing of geopolitical tension was a good sign that investors rushed back to digital asset markets.
Meanwhile, there were XRP developments that gained momentum with Doppler Finance making a deal with crypto custodian Hex Trust. The partnership will incorporate wrapped XRP in the Doppler system of institutional blockchain participants as a reward.
It also launches regulated custody offerings to facilitate XRP liquidity in a number of blockchain networks. The project will also increase the XRP utility outside of the XRP Ledger via safe multi-chain accessibility.
XRP ETF Market Strengthens With Fresh $7.53 Million Inflow
XRP spot exchange-traded funds saw fresh investor demand, recording $7.53 million in total net inflows on Tuesday. According to SoSoValue data, Bitwise XRP ETF was the most active with $6.08 million in daily inflows on the previous day.
Its cumulative net inflows have increased to $10.77 million, which has solidified its niche among the recently initiated XRP funds. It was followed by the Canary XRPC ETF, which received inflows of $1.45 million and has the same amount in the past day. In total, XRP spot ETFs have an asset of $1.001 billion and cumulative inflows of 1.255 billion as of the data.
XRP Price Prediction: Is $1.5 Next?
The XRP price recovered to $1.45 after buyers defended the $1.40 support zone.
The RSI was rising toward 66, indicating a positive demand, but with the possibility of a further upward trend. In the meantime, the MACD indicator recorded a new bullish crossover as the histogram bars rose, indicating an increase in buying pressure.
Source: XRP/USDT 4-hour chart: TradingviewWhen XRP price rushes above $1.50 above decisively, the next target could be found close to the 1.60 resistance zone. But failure to reclaim above that point of $1.45 may drive the price back to the support level of $1.40 once more.
Source: https://coingape.com/markets/xrp-price-prediction-as-iran-u-s-peace-talks-trigger-a-crypto-rally/
