XRP Jumps 7% to Reclaim $1.20 as the Iran War Winds Down

XRP’s 7% jump to reclaim $1.20 comes as signs of easing in the Iran conflict shift trader sentiment. The token hovered around $1.22 on the week after President Trump declared the war over on June 14, lifting risk appetite and triggering a broad crypto rally. Oil prices fell sharply, pulling crude below the $80 mark, and Bitcoin moved back above $66,000 while Ethereum neared $1,764, underscoring XRP’s stronger response relative to the rest of the market. The move is consistent with XRP’s higher-beta profile, which means it tends to snap higher—or lower—more aggressively than Bitcoin in response to macro news. Analysts caution that a lasting peace remains uncertain, as a 60-day ceasefire does not resolve Iran’s nuclear questions, but the immediate steps—naval blockade lift and Hormuz reopening—offer tangible catalysts for a near-term test of the $1.20 level and potential upside beyond.