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ETH, SOL, XRP Bounces 7% on Trump’s Claims on Israel-Iran’s Ceasefire
- Cryptocurrency prices surged following Trump's announcement of a ceasefire between Iran and Israel, leading to gains in Bitcoin, Ethereum, Solana, and Ripple (XRP), among others.
- Bitcoin reached $105,000, Ethereum surpassed $2,400, and memecoins like Dogecoin, Shiba Inu, and PEPE, along with AI tokens, experienced double-digit increases.
- Trump's announcement of a complete ceasefire was confirmed via his Truth Social account, with markets reacting positively to the news as a reduction in geopolitical risk.
- The market sentiment shifted, with Bitcoin bouncing from a low of $98,000 to over $105,000, and other major tokens such as Ethereum, Solana, and Ripple (XRP) also rising by over 7%.
- Memecoins like Dogecoin, Shiba Inu, and PEPE surged following the ceasefire, while AI-related tokens saw strong double-digit rebounds, signaling increased investor confidence.
- Market experts anticipate normalization as the market moves past the recent geopolitical tensions, with Ethereum facing resistance levels at $2,440, $2,460, and a major level at $2,500.
- Solana experienced a strong rebound, trading at $144.51 with key support at $138.18, and resistance levels at $146 and potential targets at $150 and $155 if bullish momentum sustains.
- XRP maintained levels above $2.17, facing resistance at $2.18 and $2.20, with potential price targets at $2.25 and $2.30 upon breaking these levels.
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