XRP rallies 10% as US–Iran peace deal boosts risk appetite

Key takeaways

• Ripple’s XRP is up nearly 11%, making it the second-best performer among the top 10 cryptocurrencies.
• The coin could extend its rally past the $1.366 resistance level. 

XRP approaches $1.30

Cryptocurrency markets remained broadly higher on Monday, with Bitcoin (BTC) leading gains as it climbed above the $66,000 mark.

The positive momentum extended across major altcoins, with Ethereum (ETH) trading above $1,800 and XRP trading above $1.250. 

The rally comes as investor sentiment improves following reports that the United States and Iran have reached a preliminary peace agreement aimed at ending hostilities in the Middle East.

The easing of geopolitical tensions has encouraged investors to rotate back into risk assets, supporting a broad-based recovery across digital asset markets.

Officials from both countries have confirmed progress toward a peace deal that could significantly reduce tensions in the region.

Iran’s deputy foreign minister stated on state television that the agreement is expected to ...