XRP Surges 3% on Ceasefire News, Faces $1.20 Resistance

What happened: Ripple’s XRP token rose about 3% to $1.18, failing to breach the $1.20 resistance level, amid a broader risk-on rally following the US-Iran ceasefire announcement. The 107-day conflict had previously disrupted oil flows through the Strait of Hormuz, and the reopening triggered gains across Asian equity markets as well. Analyst projections for XRP’s 2026 base case cluster between $1.26 and $1.46, with the CLARITY Act’s passage cited as a more significant structural driver than geopolitics.

Why it matters: XRP’s move underscores the impact of macro catalysts on crypto markets, but also the limitations of such rallies. While the ceasefire provided a short-term boost, analysts warn of "buy the hype, sell the news" risk and emphasize that regulatory clarity, rather than geopolitical events, will likely be the key to sustained price appreciation. The $1.20 and $1.30 levels remain critical resistance points for any further upside.

Source: Watcher.guru