XRP prices jumped approximately 9.2% over the last 24 hours after US President Donald Trump announced a truce between Israel and Iran on Monday.

The Ripple-associated cryptocurrency spearheaded a broader recovery across the top ten digital assets on Monday, though the gains may prove ephemeral if the ceasefire ultimately holds no water.

Sustaining this trend, analysts suggested, might require additional drivers in the offing, potentially stemming from advancements in trade negotiations or a diminished dominance of the US dollar.

Taking cues from the ceasefire announcement, investors flocked to risk-on assets, including equities and cryptocurrencies. Conversely, Brent crude experienced a preliminary 4.8% drop in early Asian markets, briefly testing lows unseen since June 13th, when Israel targeted Iran’s nuclear installations.

Gold, traditionally a haven asset, registered a 1% decline, reflecting shifting investor sentiment.

Bitcoin’s response underscores its positioning as a high-beta asset, stirred by geopolitical developments, notes an observer adding, “Our crypto infrastructure’s physical anchorage to the wider world was burnished anew by the events of the week.”

Hints of potential trouble emerged momentarily when Iran briefly curtailed mining operations following the conflict’s escalation, reinforcing the asset class’s tangible connections. A breach of the ceasefire terms could undock the rally of the past 24 hours.

Beyond Geopolitics: Other Market Drivers

The Middle East flashpoint is far from singular in fueling crypto market movements this week. Scrutiny remains fixed on other potential catalysts.

Commentators note the impending expiration soon of the 90-day respite on reciprocal tariffs, scheduled to conclude within weeks. This pending measure could inject “volatility previously observed into the market,” states an analyst with “past precedents.”

Furthermore, investors are on high alert for key macroeconomic releases, including:

• Thursday’s fresh US GDP data
• Tuesday and Wednesday testimonies by Federal Reserve Chair Jerome Powell
• Friday’s consumer expenditures figures

Yearning for the Source: Crypto Market Players

Ethereum rose 7.5%, hovering near the $2,420 mark.

The crypto world buzzes around:

• Reddit’s exploration into iris-scanning tech for online identity verification
• Financial heavyweights Goldman Sachs and Citadel leading a $135 million funding round for Digital Asset
• The ongoing debate circling the question: Should we be worried about Iran’s impact on crypto?
• Reports linking the Solana copycat “Gorbagana” coin to an achievement worth $60 million – evolving from a jest into a significant fundraising feat

Market interest appears deeply plugged into a confluence of geopolitical shifts, regulatory breathers, and evolving service triumphs.