XRP price surged 4% following Ripple's full approval under the EU's MiCA framework. The asset is currently trading around $1.13, while open interest in XRP futures on Binance has climbed sharply to 440 million. These market developments occurred alongside reports of mediators seeking a 10-day halt in US-Iran hostilities to revive memorandum of understanding discussions.
A sharp jump in XRP futures open interest signals the return of leverage traders as markets anticipate potential volatility.
Read the full storyXRP price action stalls as markets react to reports of a potential 10-day truce between the US and Iran to revive diplomatic talks.
XRP price surged after Ripple secured full regulatory approval under the EU's MiCA framework, bolstering institutional confidence in the digital asset.