Ripple’s XRP token briefly reached $1.50 on Monday, a level last seen two months prior in March. The 2.5% daily gain reflects market optimism, though analysts warn of potential volatility. The increase follows uncertainty from the Iran-US conflict, and fresh geopolitical tensions could impact the token’s trajectory. President Donald Trump’s rejection of a recent Iran peace proposal has already influenced Asian markets.
Ripple’s native token XRP touched the $1.50 level on Monday for the first time since March, surging more than 2.5% during the day’s trade. This movement signals a shift from recent stagnation that followed uncertainty from the Iran-US conflict.
US President Donald Trump rejected a recent Iran peace proposal, writing on Truth Social, “I don’t like it” and calling it “totally unacceptable.” This development suggests the conflict could reignite, influencing broader financial markets.
Following Trump’s statement, oil prices surged and Asian markets faced significant declines. India’s Sensex fell more than 1,100 points, while Hong Kong’s Hang Seng and Japan’s Nikkei also traded lower.
Consequently, XRP’s Monday gains could be short-lived due to the renewed geopolitical tension. If broader cryptocurrency markets decline, XRP could face downward pressure alongside other digital assets.
