XRP, ETH Outpace BTC On Iran Deal Hopes – Trump Reportedly Eyes Weekend Deadline

• In an interview with Bloomberg, Trump said key points of a deal are finalized, though Iran has not confirmed any broader agreement beyond reopening the Strait of Hormuz.
• Ripple’s XRP and Ethereum outperformed Bitcoin, leading gains among the top 10 cryptocurrencies by market capitalization. 
• Retail sentiment around XRP on Stocktwits surged to ‘extremely bullish’ from ‘bullish’ over the past day and was among the top trending tickers on the platform.

Bitcoin (BTC) briefly crossed $78,000 in midday trade on Friday, with Ethereum (ETH) and Ripple’s XRP (XRP) leading crypto majors, after President Trump reportedly said that Iran has agreed to suspend its nuclear program indefinitely. 

In an interview with Bloomberg, Trump said “most of the main points are finalized” and that a deal could come together quickly. He added that a lasting agreement would “probably” be reached this week.

Iran has not confirmed any agreement beyond the previously announced reopening of the Strait of Hormuz, nor has it responded to Trump’s claims regarding concessions tied to its nuclear program.

Crypto-linked equities also rallied in morning trade, driven by the momentum in Bitcoin's price. Michael Saylor' Strategy (MSTR) gained nearly 15%, while Vivek Ramaswamy-backed Strive (ASST) gained around 12%. Robinhood (HOOD), Coinbase (COIN) and others also moved higher amid the broader strength in cryptocurrrency and equity markets. 

BTC Reclaims $78K For First Time Since February

Bitcoin’s price rose over 5% to $77,500, paring gains after hitting an intra-day high of over $78,200, according to CoinGecko data. On Stocktwits, retail sentiment around BTC trended in ‘bullish’ territory, accompanied by ‘high’ levels of chatter. It was among the top trending tickers on the platform at the time of writing.

Multiple users on the platform noted that Bitcoin’s price is breaking multi-month resistance levels. This is the first time that the apex cryptocurrency has crossed $78,000 since early February. 

Others expressed more caution, questioning whether the rally would lead to higher highs or a dump to lower lows.

Altcoins Gain, XRP Sentiment Turns ‘Extremely Bullish’

Ethereum and Ripple’s XRP led gains among the top 10 cryptocurrencies by market capitalization. Ethereum’s price shot up 4.5% in the last 24 hours, still struggling to cross $2,500. XRP’s price rose 4.2% in the last 24 hours, marginally paring gains after crossing $1.50 in intraday trade. 

On Stocktwits, retail sentiment around Ethereum remained in ‘bullish’ territory over the past day, accompanied by chatter at ‘high’ levels. XRP also saw chatter at ‘high’ levels, but retail sentiment improved to ‘extremely bullish’ from ‘bullish’ over the past day. 

Retail traders were excited about the potential impact that the passage of the CLARITY Act could have on XRP's price. XRP was also among the top trending tickers on the platform at the time of writing.

Bitcoin’s price remains nearly 40% below its record high of over $126,000 seen in October, while XRP is around 60% below its $3.65 peak from July last year. Ethereum is roughly 50% below its record of nearly $5,000 seen in August.

Read also: Eric Jackson Claims Crypto Treasury Play EMJX Outpaced S&P 500 By 10% Ahead Of SRx Health Merger

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