XRP price surged over 6% in the past 24 hours, crossing the $2.15 mark after U.S. President Donald Trump announced a “Complete and Total Ceasefire” between Israel and Iran.
The ceasefire follows what Trump called “THE 12 DAY WAR” and is set to begin six hours after the announcement, allowing both nations to complete their final missions. Israel will join the ceasefire twelve hours after Iran begins the initial phase.
Trump emphasized that both sides will remain “PEACEFUL and RESPECTFUL” during the process. The announcement came days after the U.S. military bombed three nuclear sites in Iran with high-yield bunker busters, raising geopolitical tensions before calming markets.
XRP’s price rally is not just about global politics. Investor interest in Ripple is also growing. Canada launched three XRP spot ETFs last week, and several more are under review by the U.S. SEC.
Meanwhile, major global firms are backing XRP-focused funds. Webus International (China) invested $300 million, Trident Technologies (Singapore) invested $500 million, and VivoPower (UK) invested $121 million.
These investments are powering the XRP Ledger and new DeFi projects. However, exchange reserves for XRP dropped by 21%, from $3 billion to $2.3 billion, according to CryptoQuant. This drop suggests less selling pressure but could signal lower liquidity.
As the demand increases, investments in the world and new momentum of ETFs, XRP is becoming stronger. Nevertheless, traders are advised to remain cautious because the exchange activity can affect future price movements.
Also Read: Bitcoin Price Jumps to $106,000 After Trump Announces Ceasefire
