XRP’s jumped almost 10% over the past 24 hours after US President Donald Trump announced a ceasefire on Monday between Israel and Iran.
The Ripple-linked cryptocurrency led a recovery in the top 10 digital assets, although the gains may be short-lived if the cease fire fails to hold.
“The Iran-Israel ceasefire sparked a swift surge in sentiment and liquidity into crypto markets,” Vincent Liu, chief investment officer at Kronos Research, a crypto research firm, told DL News.
“But for this trend to sustain, it may need an extra lift in the future, whether progress in trade talks or a pullback in dollar dominance.
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