The cryptocurrency market is once again turning its attention to XRP as the token attempts to stabilize above the psychologically important $1.40 level.

Bitcoin (BTC-USD) surged to a three-week high following an initial ceasefire agreement between the US and Iran, sparking a rally in risk assets.

The cryptocurrency market is sending conflicting signals on XRP, with technical indicators pointing to short term weakness even as longer term forecasts remain cautiously optimistic.

Bitcoin fell in Asian trading on Tuesday, as cryptocurrencies were affected by broader market uncertainty ahead of Donald Trump’s deadline for Iran.

Bitcoin climbed back above $70,000 on Monday for the first time since March 25, as investors reacted to reports that Iran may be seeking a ceasefire in the ongoing war, despite escalating threats from US President Donald Trump.

Bitcoin declined after US President Donald Trump signaled tougher military action against Iran in the coming weeks, dampening expectations of a swift end to the conflict and weighing on risk assets.

Bitcoin maintained modest gains on Wednesday after ending a five-month losing streak in March, boosted alongside other risk assets by US President Donald Trump’s announcement that he intends to end the war in Iran within weeks.

The cryptocurrency market has expanded rapidly over the past few years, and in 2026, it has become one of the most active financial markets in the world.