XRP (CRYPTO: XRP) surged 13% following the U.S.-Iran peace deal as improving risk sentiment fueled a broad crypto market rally.

XRP extended its rebound from recent lows on the strongest buying activity in weeks, with institutional flows and ETF demand supporting a push toward the $1.20 level.

Heavy volume pushed XRP through multiple resistance levels, with traders now focused on whether the rally can extend toward $1.30 after weeks of defensive positioning.