Donald Trump said the Iran war is “pretty much complete” and could end “very soon.” Crypto markets did not wait for a formal announcement. They started moving immediately.
Bitcoin pushed to $69,674, Ethereum held above $2,033, and XRP climbed to $1.37 as relief swept through global markets following the President’s comments. The question traders are now asking is straightforward: how much further can these prices go?
Bitcoin: Running Into a Wall at $69,500
Bitcoin’s recovery from the week’s lows has been sharp and largely on schedule. The token bounced precisely from the $65,500 to $66,000 support zone, exactly where buyers had been expected to step in, and has since pushed toward the $69,000 to $69,500 resistance band that analysts flagged as the next major hurdle.
That resistance is proving sticky. The weekly chart still carries a bearish divergence signal, and the long-term super trend indicator remains in the red, meaning the bigger picture has not yet turned decisively bullish. What is happening now is better described as a short-term relief bounce within a larger, still-unresolved trend.
If Bitcoin clears $69,500 with conviction, the next meaningful resistance sits in the low $70,000s, with a stronger cluster between $72,000 and $76,000 above that. A sustained break into that zone would require more than Trump’s words alone. It would likely need the Strait of Hormuz to reopen and oil to continue falling.
Ethereum: Range-Bound but Building
Ethereum has spent the better part of a month bouncing between two clear levels: support just above $1,810 and resistance beginning around $2,150. It is doing the same thing now, having bounced cleanly from the $1,910 to $1,930 support zone over the past two days and currently tracking toward the upper end of its established range.
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The 3-day RSI remains in oversold recovery mode, a signal that has historically preceded at least a short to medium-term move higher. But the resistance between $2,150 and $2,250 is significant and has rejected the price on multiple occasions. Getting through it would represent a genuine shift in Ethereum’s short-term structure. For now, the trade is between two known levels, and the ceiling is approaching fast.
XRP: Holding Support, Waiting for a Spark
XRP is the most range-bound of the three. The $1.30 to $1.40 zone has acted as a reliable support base, and the token continues to find buyers there. But the longer-term weekly trend remains bearish, and no confirmed reversal has emerged. Choppy, sideways price action is the most likely scenario in the days ahead unless a fresh catalyst arrives.
A weekly close below $1.30 would be a warning sign, opening the door toward $1.13 and potentially as low as $0.90 to $1.00 in a worst-case scenario. For now, that is not the base case. XRP is holding, but it needs something more than geopolitical optimism to break meaningfully higher.
The market is trading on hope right now. The next few days will reveal whether that hope has a foundation.
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FAQs
The crypto market is up today as easing geopolitical tensions boosted investor confidence. Bitcoin, Ethereum, and XRP are rising as traders return to risk assets.
The crypto market recovery is fueled by easing geopolitical risks, investor optimism, short-term relief rallies, and rising demand for top cryptocurrencies like Bitcoin, Ethereum, and XRP.
Bitcoin is leading the crypto market recovery, bouncing from $65,500 support and testing $69,500 resistance, signaling growing investor optimism.
If positive sentiment persists and Bitcoin breaks key resistance, the crypto market could continue rising, lifting Ethereum, XRP, and other cryptocurrencies further.
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