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    MarketForces Africa » MarketForces News » XRP Gains 4.2% as Geopolitical Tensions Ease, Cryptos Rally

    XRP Gains 4.2% as Geopolitical Tensions Ease, Cryptos Rally

    Folasade OlugbadeBy Folasade OlugbadeMarch 24, 2026 News No Comments2 Mins Read
    XRP Gains 4.2% as Geopolitical Tensions Ease, Cryptos Rally
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    XRP Gains 4.2% as Geopolitical Tensions Ease, Cryptos Rally

    Ripple (XRP) has increased by 4.20% to $1.42 over the past 24 hours, following a significant surge in trading volume on Tuesday. This rise was fueled by a de-escalation of tensions in the Middle East.

    The shift to a “risk-on” sentiment followed President Trump’s announcement of a five-day pause on planned U.S. strikes against Iran, along with progress in diplomatic talks, which alleviated immediate geopolitical fears.

    XRP’s price movement is closely mirroring Bitcoin’s 4.69% gain, both benefiting from a general market rebound driven by positive geopolitical news.

    As a result, risk assets rebounded, with Bitcoin climbing 4.69% and pulling major altcoins like XRP higher in a classic beta-driven move.

    Spot trading volume surged 81.77% to $3.26 billion, indicating strong market participation. This rally also forced over-leveraged short sellers to liquidate their positions, further propelling upward momentum.

    From a technical perspective, the price has broken above a bearish trend line near $1.42, confirming a shift in the short-term market structure. High trading volume and a clear breakout suggest this movement has strong conviction beyond mere Bitcoin-following.

    The immediate outlook depends on two key factors: Bitcoin’s ability to maintain stability above $70,000 and XRP’s capacity to hold its breakout level. The unfolding geopolitical situation over the next five days will serve as a crucial trigger.

    If XRP can sustain its price above $1.40, the next target will be the recent high of $1.465. A daily close above that level could potentially open the door to $1.52, according to technical analysts.

    On the other hand, a breakdown below the $1.378 support level would invalidate the breakout and likely lead to a retest of the $1.33–$1.37 demand zone. Although the bullish structure remains intact, it is fragile and closely tied to broader market sentiment, according to crypto analysts.

    Overall, XRP’s gain is a beta-driven relief rally, further enhanced by technical buying and short squeezes. Its near-term performance will depend on macroeconomic sentiment and Bitcoin’s direction.

    MTN Nigeria Lost N1.02trn over Large Scale Selloffs

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    Folasade Olugbade
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    Folashade Olugbade is a financial news reporter with interest in alternative investments, and foreign exchange trading and other related beats. A master degree holder in Economics with more than 7 years risk asset trading expertise.Olugbade has stint in reporting fintech, oil, gas and energy markets.

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