"The Iran War has a ceasefire and could finally end, with only five ships crossing the strait on day one of the ceasefire, none being oil tankers. If talks break down, the market could revert to previous conditions."
"Ripple Treasury launched native XRP and RLUSD support, allowing CFOs to manage XRP alongside cash. This development could significantly impact XRP's price as companies begin to use it for cross-border settlements."
The crypto market is experiencing a rally as macro conditions improve, particularly after a ceasefire in the Iran war. XRP has risen above $1.35 and is testing the $1.40 resistance. The potential for XRP's sustained recovery hinges on the resolution of the Iran conflict, the impact of Ripple's infrastructure on XRP's price, and the overall market sentiment. Ripple's recent launch of native XRP support allows CFOs to manage XRP alongside cash, which could enhance its usage in cross-border transactions.
Read at 24/7 Wall St.
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