85737226439Why is the price of XRP rising today? A truce between Israel and Iran boosts the market.

The recent increase in the price of XRP is closely linked to the announcement of a ceasefire between Israel and Iran by U.S. President Donald Trump. This easing of geopolitical tensions in the Middle East has contributed to a recovery in risk appetite, thus benefiting cryptocurrencies like XRP.

Investors have rushed back into risk assets, such as stocks and crypto assets, after fleeing these markets due to rising tensions. This rotation of flows has allowed XRP to bounce back strongly, erasing some of the losses suffered in recent days.

It is interesting to note that XRP's recovery coincides with sustained accumulation by mid-sized institutional investors. According to data from Glassnode, addresses holding between 10,000 and 100,000 XRP have continued to increase their holdings, even during the period of geopolitical turmoil.

This buying dynamic by whales has presumably helped cushion XRP's decline and fuel its current rebound. It also demonstrates the long-term confidence of these experienced investors in the Ripple project and its cryptocurrency.