Ripple (XRP) is holding support at $1.35 at the time of writing on Monday, as crypto prices broadly recover amid optimism for a US-Iran ceasefire deal. XRP’s momentum, although subtle, aligns with steady demand through related investment products.
Gold (XAU/USD) is trading higher on Monday, favoured by a moderate risk appetite amid recent comments from the US and Iran hinting at progress in peace negotiations.
MUFG’s Lloyd Chan highlights that higher United States (US) 2-year yields and elevated Brent prices are weighing on Indonesian Rupiah (IDR), Philippine Peso (PHP) and Indian Rupee (INR).