XRP News Today: Bitcoin Surges 6% to $106,000, Altcoins Gain 7-9% Despite Iran Ceasefire Break

The cryptocurrency market has shown significant movement, with Bitcoin (BTC) surging past $106,000, followed by strong gains in altcoins. However, prices experienced a slight pullback after Iran broke the ceasefire deal. Despite this, the market remains in the green, with XRP and Cardano (ADA) holding onto impressive gains of 7–9%.

Analyst Michaël van de Poppe noted that Bitcoin has officially flipped the trend, moving from a major crash below $100,000 to an uptrend, breaking past $103,000 and hitting resistance. He suggested that if Bitcoin returns to $103,000, it could be an area to accumulate.

Historical data from Crypto Rover indicates that Bitcoin has reacted positively to U.S.-Iran conflicts in the past. If the current conflict de-escalates, Bitcoin could be poised for another strong rally. Analysts are also doubling down on their $120,000 target for Bitcoin this year, citing the cryptocurrency's resilience above $100,000 despite geopolitical tensions. Falling oil prices and expectations of a Fed rate cut in July are also boosting investor confidence.

XRP is at a critical juncture, with institutional interest picking up and the odds of an XRP ETF approval higher than ever. The long-standing Ripple vs. SEC case is nearing resolution, which could fuel a major rally. Additionally, Ripple is collaborating with Cardano to bring XRP into decentralized finance (DeFi). Through cross-chain bridges and Lace wallet support, XRP holders could soon earn rewards, including NIGHT tokens from Cardano’s upcoming airdrop. If history repeats, XRP could be on the verge of its biggest breakout in years, potentially exploding from around $0.50 to $3 in just six weeks.

Cardano could see a significant boost with the introduction of Midnight, a new protocol built directly on Cardano. The upcoming NIGHT token airdrop, with 50% of the supply going to ADA holders, is a major event. If Midnight succeeds, it could quickly become a top 25 project, directly boosting Cardano’s value. Charles Hoskinson confirmed that the Lace wallet, which already supports ADA and BTC, will soon support XRP too. He is also working on a cross-chain bridge between XRP and Midnight’s sidechain. The odds for a Cardano ETF approval in 2025 have jumped to 79%, indicating growing momentum for Cardano.

Looking ahead to the fourth quarter, Fed rate cuts and increased liquidity could spark the next big crypto rally. If global tensions cool and central banks ease up, Bitcoin, XRP, and Cardano could be ready to rise again. The integration of Bitcoin support into the Cardano wallet has also sparked interest, with some speculating that XRP could be next, further boosting its adoption and price. However, this remains purely speculative and depends on the strategic decisions of the Cardano development team.