XRP price as US and Iran conclude positive talks in Doha

XRP price rebounded near $1.10 on Thursday, rising 5% in 24 hours as crypto markets recovered.  Market value across digital assets increased 4.72% to $2.14 trillion. Meanwhile, oil fell below $68 after Qatar reported positive progress in indirect US-Iran talks in Doha. Bitcoin also reclaimed $61,000 after testing $58,000 earlier this week.

XRP Price Recovery Tracks Wider Crypto Rebound

The XRP price remained at a point of over $1.10 as buyers came back to the broader crypto market. The relocation came after a challenging week, where traders had been keeping a close eye on macro headlines.

Bitcoin price climbed back above $60,000 a fueling the recovery trend.  Ether price also surged past $1,600, further bolstering the broader recovery of significant tokens.

Concurrently, the market sentiment was slightly improved. The CMC Fear and Greed Index was going up to Extreme Fear of 16 to Fear 21.

In the case of XRP price, the momentum indicators also went up with price supported above the $1.06 area. Further gains can be favored by a stronger movement beyond the level of $1.10 provided that buyers are active.

US and Iran Conclude Positive Talks in Doha

Indirect talks between the United States and Iran concluded Wednesday in Doha through Qatari mediation. Qatar said both sides made positive progress on issues linked to a memorandum of understanding.

The negotiations were also marked by technical discussions, and both parties were willing to engage further. That update alleviated part of the market anxieties related to tension in the region and risks associated with energy supply.

During the Doha update, oil prices fell to below $68, indicating reduced worry about potential supply disruption. This assisted in backing a wider relief initiative within risk assets, such as cryptocurrencies.

BREAKING: Oil has crashed below $68 after Qatar said Iran and the US made “positive progress” in indirect technical talks in Doha.

Oil is now down -43% from its US-IRAN war peak. pic.twitter.com/ArWurpyVjk

— Bull Theory (@BullTheoryio) July 2, 2026

Nevertheless, the negotiations failed to provide a conclusive deal and there was still some ambiguity. Iran kept threatening new attacks and Washington remained preoccupied with future nuclear talks.

Can XRP Price Buyers Trigger a Move Toward the $1.30 Target?

The latest XRP price surged to $1.105, strengthening its four-hour recovery setup. The chart reveals that the buyers pushed the price higher above $1.10 after the broader $1.00 defense.

This recovery has now positioned XRP price at a significant test with the next major resistance of $1.15.

The MACD line has crossed the signal line, indicating a stronger short-term outlook. Meanwhile, the histogram is now positive, indicating an increased buying pressure. In the meantime, the RSI has already reached 65, which is close to a robust momentum area.

XRP price is currently moving within an escalating short-term channel, which demonstrates better buyer control. The structure started around the $1.00 area, where traders were unable to stretch the fall. 

Nonetheless, the recovery is yet to have a clean breakout beyond the level of $1.15 to affirm stronger momentum.  Any successful move above that might shift the focus to the area of $1.20.