XRP, Bitcoin, and Ethereum have surged after Israel and Iran decided to pause direct military operations following several rounds of attacks. At press time, Bitcoin was trading at $63,755, up 3.54% in the last 24 hours, after briefly erasing losses that had built during the height of the military exchanges. Ethereum joined the wider crypto rebound, rising 3.6 % from its 24-hour low to trade at $1,685. Concurrently, XRP also recovered sharply, climbing back to $1.16 after touching a four-month low of $1.10 during the risk-off move. The recovery came as Iran announced that it was halting military operations against Israel. The Islamic Revolutionary Guard Corps warned that any further Israeli strikes in Iran or Lebanon would trigger “a far stronger and more forceful response.” The statement came about one hour after Trump said Israel and Iran “must immediately stop shooting.” Trump also said both sides were looking to reach an immediate ceasefire. His comments helped improve risk sentiment across global markets, with U.S. stocks rising alongside cryptocurrencies as traders reacted to signs of reduced near-term conflict risk. Israel and Iran Pause Direct Strikes as Trump Pushes Deal Iran’s armed forces announced the end of military operations against Israel after the latest exchanges of fire. Tehran also warned that renewed strikes on Iranian territory or Lebanon would bring a harsher response. Senior Israeli officials said Israel was stopping strikes in Iran at Trump’s request. However, they said operations in southern Lebanon would continue at full intensity in the coming days. Israeli officials also warned that Dahieh in Beirut could be targeted if attacks on Israeli settlements and civilians continue. The military pause followed Israeli attacks on Iran, with explosions reported in Tehran, Tabriz, and Isfahan. Tensions also rose after Israeli strikes on the southern suburbs of Lebanon’s capital. On the US-Iran war negotiations, Trump has recently said Israeli Prime Minister Benjamin Netanyahu would have “no choice” but to accept a U.S. deal with Iran, saying he “calls the shots.” Trump also said Iran’s missile strikes had not changed his desire to conclude negotiations with Tehran and that he believed the deal was still moving forward. Amid the unrest, there were claims that Iran had fully blocked the Bab el-Mandeb Strait and closed the Strait of Hormuz. However, their claims were later refuted in concurrence with the ceasefire talks of Iran and Israel. Crypto Market Recovers as Panic Selling Eases Amid the recovery, the total crypto market capitalization has also seen a surge of about 2.70% to $2.19T. Ethereum posted the strongest rebound among the three major tokens. ETH has risen over 7.7% from its weekend lows as panic selling slowed. XRP also regained a key short-term level after falling to $1.10, its lowest price in four months. The Ripple token recovered by about 4.55% to breach $1.15, moving away from a level that had raised concern among traders watching for a deeper breakdown. Bitcoin’s recovery above $63,500 remained central to the wider market rebound because BTC often guides short-term direction across major crypto assets. The move came after Bitcoin recently swept into the $59,600 to $60,750 support area and bounced from that range. That area remains a major short-term level because it is close to a long-term support zone around the 200-week moving average. Source: X As long as Bitcoin holds above $59,600 to $60,000, traders are viewing the latest rebound as a sign that downside momentum is slowing. A drop below that range would weaken the recovery setup and could expose BTC to lower levels near $56,500 and $53,300. Bitcoin Levels Point to Key Resistance at $65K Bitcoin’s next major test is the $64,000 to $65,000 range. A clean break above that area would show that the market structure is improving after the recent sell-off. That zone is now viewed as the first major resistance area following the rebound from the $59,600 to $60,750 support region. Crypto analyst Benjamin Cowen has pointed to Bitcoin’s percentage supply in profit and loss as a key cycle signal. The metric recently crossed, with supply in profit near 50.43% and supply in loss around 49.56%. Cowen has often said that major Bitcoin cycle bottoms are usually watched after this type of cross occurs, rather than before it. Source: X The cross does not confirm that Bitcoin has already reached a final bottom. However, it shows that the market is close to evenly split between holders in profit and holders underwater. That setup is often associated with a reset after heavy selling, rather than a euphoric market phase. If Bitcoin moves above $65,000, traders may look toward $71,500 to $73,000 as the next target zone. That area previously acted as support and may now serve as resistance. A reclaim of that region would strengthen the recovery setup and could bring attention back to the CME gap near $79,000.
