Ripple Likely to Recover Above $2.500 Soon
Ripple (XRP) is rising by 2% to $2.2000 on Monday, matching Bitcoin (BTC), which is also up 2% to $106,939. Most cryptocurrencies have been in decline since Thursday, when Israel launched its first strike against Iran. Oil prices surged 11%, while risky assets, including the S&P 500, dropped — with the index falling 1.8% on Friday. Bitcoin declined by 5.2% to $102,612, and Ripple fell 8.2% to $2.0810.
As the Middle East conflict appears to have paused on Monday, hopes for a potential de-escalation are helping crypto markets recover. Enthusiasm around a possible approval of a spot XRP-ETF by the U.S. Securities and Exchange Commission — with market confidence at around 90% — is also supporting sentiment. However, geopolitical tensions are dampening the impact of this positive news.
If XRP breaks through the $2.500 level, a strong acceleration to the upside is likely. This remains a plausible scenario that could play out in the near term if broader conditions stabilize.
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