XRP is seeing an early rally, with a 2% uptick to $1.36 on Monday, as the market reacts to Brad Garlinghouse, Ripple’s Chief Executive Officer, CEO’s recent bullish remarks. Its trading volume spiked 57% to $1.6 billion, reflecting renewed buying interest after sell pressures last week.

Crude oil prices surged early on Monday amid concerns about rising supply risks as the war in the Middle East spread across the region.  The US-Iran war could be prolonged after the 15-point peace proposal by Washington was rejected by Tehran, with a counterproposal last week.

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The average yield on Nigerian Treasury bills declined to 17.76% in the secondary market as investors stepped up bargain hunting on the naira asset.