Key Takeaways:
XRP rose 5% to near $1.10 on Thursday, tracking a broader crypto market recovery as the US and Iran concluded indirect talks in Doha with mediators reporting "positive progress."
XRP climbed to $1.09 at 08:30 UTC, up 5.2% in 24 hours, as the total crypto market capitalization added 4.72% to $2.14 trillion, according to CoinGecko. The move came after Qatari Foreign Ministry spokesman Majed al-Ansari said late Wednesday that "positive progress" had been made on issues related to the framework agreement reached two weeks ago to end the Iran war.
"Right now, the technical negotiators are sitting down with the Iranians, with the Qataris, and with others in Doha, talking about some of the details here," US Vice President JD Vance told CNN on Wednesday. "We're worried about the nuclear issue; we're going to start talking about that, so right now the talks are going well."
The rally pushed XRP above the $1.0560-$1.0590 breakout zone on volume of 5.34 million at 03:27 UTC, a 1,433% jump from the preceding hourly average, CoinDesk data show. The token reached a session high near $1.0665 before extending gains in Asian trading. XRP Ledger recorded 4,941 new wallet creations in a single day, the strongest daily growth in more than three months, while CryptoQuant data showed the All CEX Whale vs Retail Spread at 50.9%, indicating large-holder accumulation outpaced retail participation.
The positive geopolitical signal reduces risk aversion across markets, supporting a broader crypto recovery that has lifted Bitcoin 4% above $61,000 and Solana 3.6% to $80.10. XRP still needs to reclaim the $1.10-$1.11 zone, where the 20-day EMA and Bollinger midline converge, before the move can be considered a confirmed trend shift rather than a range-bound bounce. The next round of US-Iran talks is expected after funeral processions for former Iranian supreme leader Ayatollah Ali Khamenei, scheduled to begin July 4 in Tehran.
This article is for informational purposes only and does not constitute investment advice.
