Ether, solana, XRP jump higher as Trump signals Iran war nearing end
Major altcoins like Ether, Solana, and XRP surged after President Trump suggested the Iran conflict was concluding soon.Summary
Major cryptocurrencies, including Ether, Solana, and XRP, experienced a rebound on Tuesday, rising alongside other risk assets following President Donald Trump's statement that U.S. military objectives in the Iran conflict were "pretty well complete" and the situation would resolve "very soon." Ether reclaimed $2,029, Solana rose to $85.67, and XRP gained to $1.37. This positive sentiment followed a significant plunge in Asian equities the previous day. Analysts suggested that crypto markets had already priced in the negative geopolitical risks, evidenced by strong institutional inflows into crypto funds, even during a week of broader market turmoil. Key technical levels remain important for major coins: Ether needs to decisively break past $2,500 to confirm a genuine recovery, while Solana continues to underperform due to the evaporation of the memecoin speculative engine. The upcoming Fed meeting on March 17-18 poses the next major test, as high correlation between Bitcoin and the S&P 500 means any hawkish signals could negatively impact higher-beta altcoins.
(Source：CoinDesk)