XRP surged 6% to $1.38 after US President Donald Trump announced a 14-day ceasefire with Iran, breaking from a prolonged stagnation phase triggered by the conflict. The cryptocurrency's sharp rebound follows a broader market rally, with Bitcoin jumping 5% to $72,000 and Ethereum climbing 7% to $2,300 after Iran agreed to reopen the Strait of Hormuz, easing global oil supply concerns.
Ripple’s XRP had surged nearly 600% in value between October 2024 and July 2025. It breached its previous all-time high of $3.40, which it reached in 2018, and recorded a new high of $3.65 in July last year. XRP went from a low of $0.52 to a high of $3.65 in less than a year. It has fallen since then but is struggling to climb above the $1.50 range.
However, while the market is rallying, this comes with limitations as the war is not over. Ripple’s XRP is doubling in value. The ceasefire, which lasts for 14 days, still casts a shadow and is a grey cloud hanging above the markets. Going by how erratic both Trump and Iranian leaders are, a full stop to the war is doubtful. For instance, just when the ceasefire was announced, Israel launched attacks on Lebanon, saying that the ceasefire did not include them.
Log in to Reply
Log in to comment your thoughtsComments