XRP News Today: Ceasefire Boosts Bitcoin 3% to $105,000 as Crypto Market Surges

Risk-on sentiment has returned to global markets following the announcement of a ceasefire between Iran and Israel, leading to a surge in cryptocurrency prices and a decline in oil prices. The cryptocurrency market experienced a significant recovery after U.S. President Donald Trump declared a “complete and total” ceasefire agreement, which eased geopolitical tensions and boosted investor confidence. Bitcoin, the leading cryptocurrency, surged 3% to reclaim the $105,000 level, while other major altcoins such as Ethereum, XRP, and Solana saw gains ranging from 8% to 10%.

This market-wide rally began late Monday after President Trump’s announcement, which was followed by confirmations from senior Iranian officials. The de-escalation of the Israel-Iran conflict caused a sharp reversal from the risk-off sentiment that had previously gripped markets. The news sparked a surge in risk appetite among investors, leading to a broad market rally. US stock futures rose 0.5% across the board, while crude oil plummeted to $65 a barrel, shedding the inflationary pressure that had loomed over markets just hours earlier.

Bitcoin’s rebound was not just emotional but also technical. The $100,000 level, long viewed as both a milestone and a magnet, has now proven itself as key support. With a Relative Strength Index (RSI) reading of 58, Bitcoin remains in a sweet spot: bullish but not yet overbought. This suggests room for further upside without the risk of immediate profit-taking. Importantly, BTC is trading well above its 50-week exponential moving average (around $86,000), indicating robust medium-term strength. The expanding gap between its 200-week and 500-week EMA supports the thesis of sustained buying pressure.

Fundamentals are backing up the optimism as digital asset funds have now seen 10 straight weeks of inflows, with $1.24 billion pouring in during the latest period alone. Year-to-date, crypto investment products have attracted a staggering $15 billion. Bitcoin dominates with $12.7 billion, while Ethereum has contributed over $2.4 billion. Even smaller tokens like Solana and XRP are capturing millions in new capital. Regionally, the US is driving the surge, with $1.25 billion in inflows this week and $14.3 billion so far this year.

Macro factors are also aligning in favor of the cryptocurrency market. The Federal Reserve, in its fourth consecutive meeting, held interest rates steady at 4.25%–4.5%, reflecting its caution amid uncertain global trade dynamics and now-improving geopolitical tensions. The price of oil, a major inflation driver, has come down significantly, and gold is hovering near $3,388 as a traditional hedge against volatility. With inflation fears cooling and macro conditions stabilizing, the cryptocurrency market appears poised for sustained growth.