Ripple’s XRP is trading higher on Monday as improving global sentiment lifted risk assets following reports that the United States and Iran had reached a preliminary peace agreement expected to take effect later this week. The broader crypto market has responded positively to signs of de-escalation, with investors rotating back into risk assets amid expectations of reduced geopolitical pressure. The momentum indicators and derivatives data suggest further upward movement in the near term. US-Iran agreement eases energy market concerns XRP is up by nearly 6% in the last 24 hours and is currently trading above $1.24. The primary catalyst behind the rally is the agreement between the United States and Iran.
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