XRP has surged 8.3% in the last 24 hours and 26.5% over the past week, currently facing resistance at the $1.65 level. The token remains 56% below its July 2025 all-time high of $3.65, which followed the resolution of the SEC lawsuit. Analysts point to two potential catalysts that could push XRP to $2 by year-end: a possible US-Iran agreement that could lower oil prices and inflation, potentially prompting Federal Reserve rate cuts, and predictions from Bernstein that Bitcoin could return to $100,000, potentially triggering a broader market rally.
Ripple’s XRP token has experienced a substantial rally over recent days. According to CoinGecko data, the asset’s price has risen by 8.3% in the last 24 hours and 26.5% in the last week, with an 11.9% gain over the previous month. XRP is currently encountering resistance at the $1.65 price level.
XRP experienced one of its most bullish years in 2025, climbing to an all-time high of $3.65 in July following the settlement of the SEC vs. Ripple lawsuit. That legal resolution provided significant regulatory clarity, which boosted investor sentiment. However, 2026 has trended in the opposite direction, with XRP‘s price down approximately 56% from its 2025 peak.
A potential final deal between the US and Iran could serve as a catalyst for XRP‘s recovery. Iran has proposed opening the Strait of Hormuz within seven days if an agreement is finalized. Oil prices have already declined following the announcement, which could lead to lower inflation figures. Reduced inflation may prompt the Federal Reserve to lower interest rates, which could trigger a rally for XRP and potentially push the token back toward the $2 mark.
Another factor involves expectations for Bitcoin (BTC). Several experts anticipate Bitcoin will rally by the end of the year, with Bernstein specifically predicting BTC could reach the $100,000 mark again by the end of 2026. A bullish turn for Bitcoin could spark the next bull run across the cryptocurrency market, creating conditions under which XRP could potentially reclaim the $2 threshold.
