XRP News Today: Crypto Market Plummets 3.24% as US Airstrikes Spark Geopolitical Fears

The cryptocurrency market experienced a significant downturn following the United States' launch of precision airstrikes on three Iranian-linked sites early Sunday morning. This unexpected move sent shockwaves through global markets, with Bitcoin plummeting below $102,000. The airstrikes, which targeted Iran's nuclear sites, sparked fears of a broader conflict in the Middle East, leading to a sharp sell-off in the crypto market. Bitcoin tumbled to $99,536, down 3.24% in the last 24 hours. Ethereum plunged even harder, down 9.26% to $2,185. Most altcoins are bleeding even harder than Bitcoin, indicating broad panic and heavy liquidation. Traders are flocking to stablecoins like USDT and USDC, both of which are holding their $1 peg amid the chaos.

The decision by the U.S. to engage in these strikes has thrust the country directly into the ongoing Middle East conflict, raising concerns about potential Iranian reprisals. Iran's foreign minister has stated that the U.S. is "fully responsible" for the consequences of its actions, adding to the geopolitical tensions in the region. The strikes have also raised questions about the potential for elevated radiation levels, although no such risks have been detected thus far.

Investors are bracing for potential market disruptions as global markets reopen, with oil prices expected to surge due to the heightened tensions. The airstrikes have led to a rush toward safe-haven assets, as investors seek to protect their portfolios from the potential fallout of the conflict. The crypto market, in particular, has been hit hard by the news, with Bitcoin and other major cryptocurrencies experiencing significant losses.

The escalating conflict between the U.S. and Iran has also raised concerns about the potential for further military action in the region. The U.S. decision to launch airstrikes on Iranian nuclear sites has been seen as a significant escalation in the ongoing tensions between the two countries, with some analysts predicting that the conflict could have far-reaching implications for global markets.

The crypto market crash comes as a result of the heightened geopolitical tensions and the uncertainty surrounding the potential for further military action. The sell-off in the crypto market has been driven by fears of a broader conflict in the Middle East, with investors seeking to protect their portfolios from the potential fallout. The airstrikes have also raised concerns about the potential for elevated radiation levels, although no such risks have been detected thus far.

The decision by the U.S. to launch airstrikes on Iranian nuclear sites has been seen as a significant escalation in the ongoing tensions between the two countries. The airstrikes have raised concerns about the potential for further military action in the region, with some analysts predicting that the conflict could have far-reaching implications for global markets. The crypto market crash is a clear indication of the impact that geopolitical tensions can have on global markets, with investors seeking to protect their portfolios from the potential fallout of the conflict.

The plunge in Bitcoin's value has sparked new opportunities for altcoins. Top altcoins such as AB, SPX6900, Fartcoin, Virtuals Protocol, Sonic, and Story dropped by over 20%. However, the IP token price jumped 4% despite weak volume and negative funding rate, suggesting a short-lived rally amid the crypto market downturn. Traders are now watching XRP, ETH, SOL, and HYPE, as analysts remain bullish on Bitcoin for the long term. If ETH begins outperforming BTC, this could usher in a broader altcoin rally.

Ripple’s XRP currently trades at $2.02, having decreased by 2.3% in the last 24 hours. Despite the bearish trend, projections suggest potential recovery in July, with prices moving between $1.91 and $2.22. Analysts foresee a 10% rise despite a decline exceeding 12% over the past month.

Stellar (XLM), priced at $0.2303, saw a 2.6% drop in the last 24 hours. The bearish dominance persists, although July shows promise, with prices possibly reaching between $0.26 and $0.28, signifying a 23% appreciation from current levels. XLM’s Relative Strength Index (RSI) plummeting to oversold levels indicates a short-term recovery signal. While most moving averages still decline, some momentum indicators have turned positive.

Dogecoin (DOGE), trading at $0.1523 with a 1.3% decline over 24 hours, has depreciated over 33% since early June under sustained bearish pressure. Nonetheless, analysts suggest a potential rise to $0.17 in July, equating to a 19% boost. DOGE’s 2025 outlook remains cautiously upward. Should the market recover, the altcoin could possibly retest its all-time high around $0.70.

SUI coin has seen a 2.5% drop in the last 24 hours, currently priced at $2.49, with most technical indicators pointing towards a bearish trend. Despite this, a resurgence in buyer interest may spark a recovery, as strong fundamentals and long-term growth potential suggest opportunities if the bearish momentum shifts. Although SUI has depreciated more than 30% this month, there remains a potential to further decline to $1.97. Analysts hope for a SUI recovery in July, targeting prices between $1.84 and $2.02.

Cardano (ADA), priced at $0.5463, began June with a recovery from $0.51 but remains trapped between $0.65 and $0.70. Sustaining above $0.60 might initiate a bullish movement toward $1.43. Should it fail to maintain this level, a fallback to $0.50 is possible. Within the next 12 days, especially if market conditions improve, there is anticipation for ADA to climb above $0.72.