XRP News Today: XRP Surges 6% to $2.15 as Trump Announces Israel-Iran Ceasefire

XRP, the cryptocurrency associated with the Ripple network, experienced a significant price surge, rising by over 6% within a 24-hour period. This increase pushed the price of XRP to $2.15, a notable milestone that coincided with a geopolitical development. U.S. President Donald Trump announced a "Complete and Total Ceasefire" between Israel and Iran, a move that followed what he referred to as "THE 12 DAY WAR." The ceasefire was scheduled to commence six hours after the announcement, allowing both nations to conclude their final missions. Israel was set to join the ceasefire twelve hours after Iran initiated the initial phase. Trump emphasized the importance of both sides remaining "PEACEFUL and RESPECTFUL" during the process.

The ceasefire announcement came just days after the U.S. military conducted airstrikes on three nuclear sites in Iran using high-yield bunker busters. This military action had initially heightened geopolitical tensions but ultimately contributed to a calming effect on the markets. The surge in XRP's price can be attributed not only to the geopolitical developments but also to growing investor interest in Ripple. Canada recently launched three XRP spot ETFs, with several more under review by the U.S. Securities and Exchange Commission (SEC). This regulatory progress has bolstered investor confidence in the cryptocurrency.

In addition to regulatory developments, major global firms have shown significant backing for XRP-focused funds. Webus International invested $300 million, Trident Technologies contributed $500 million, and VivoPower added $121 million. These investments are fueling the XRP Ledger and supporting new decentralized finance (DeFi) projects. However, it is important to note that exchange reserves for XRP dropped by 21%, from $3 billion to $2.3 billion. This reduction suggests less selling pressure but could also indicate lower liquidity, which traders should consider when evaluating future price movements.

As demand for XRP continues to rise, driven by both global investments and the momentum of new ETFs, the cryptocurrency is gaining strength. Nevertheless, traders are advised to exercise caution, as exchange activity can significantly impact future price movements. The interplay between geopolitical events, regulatory progress, and investor sentiment will likely continue to shape the trajectory of XRP in the coming days and weeks.