Ethereum and XRP Price Outlook After Iran Peace Talks Stalled and Closure of Strait of Hormuz
Ethereum and XRP prices rose amid escalating tensions between Iran and the US, with the Strait of Hormuz closed and peace talks stalled. ETF inflows boosted crypto momentum despite market uncertainty.
Tensions between Iran and the US escalated as peace talks stalled and the Strait of Hormuz was closed, causing oil prices to surge over 6%. Ethereum and XRP prices rose, with Ethereum trading above $2,300 and XRP holding at $1.40. The crypto market recovered after a period of consolidation, driven by ETF inflows. Spot Ethereum ETFs saw $276 million in net inflows, while Bitcoin spot ETFs recorded $996 million. The institutional demand intensified, with Solana and XRP spot ETFs also seeing fresh capital. Ethereum's price may break $2,500 if it stays above $2,300, while XRP's next target is $1.50 if it holds at $1.40.
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