Three altcoins to watch after SpaceX IPO and Iran deal

SpaceX completed what traders described as the largest IPO in history and President Donald Trump confirmed a US‑Iran peace deal to be signed on June 19 in Switzerland. Those events coincided with increased retail and institutional flows into crypto and heavier trading in high‑beta tokens.

XRP traded near $1.21, up about 2.0% over 24 hours and 8.9% on the week after recovering from lows near $1.09. Major holders showed continued accumulation and inflows into an XRP spot ETF persisted. The RLUSD stablecoin linked to cross‑border payments has been expanding. Technical activity showed consolidation between $1.21 and $1.25, with support around $1.18–$1.20 and resistance at $1.25–$1.30; traders flagged $1.32–$1.35 as a next upside zone if momentum continues.

Uniswap’s UNI traded around $3.66 after a roughly 24% gain in 24 hours and nearly 50% over seven days. The token broke short‑term resistance on elevated volume while decentralized finance total value locked increased. Short‑term support was noted near $3.10–$3.30, with immediate resistance at $3.80–$4.00 and a more distant target near $4.50 if buying pressure holds.

HYPE quoted about $73.02, up 0.5% in 24 hours and 32% for the week, trading just below an all‑time high near $76.70 reached the previous day. The token is linked to Hyperliquid’s decentralized derivatives platform, where large perpetual contract volumes and fee‑driven repurchases are concentrated. Market participants cited more than $2 billion in repurchases and roughly $240 billion in 30‑day perpetual volume on related platforms. Short‑term support sat around $68–$70, with resistance at $76–$80.

Market participants said the SpaceX listing lifted risk appetite and concentrated activity in SpaceX‑linked perpetual contracts on derivative platforms, while the announced US‑Iran deal reduced geopolitical risk premia, pushing oil and gold lower and lifting Bitcoin. Reduced risk premia and freed liquidity were redirected into select altcoins and decentralized exchange tokens.

Technical analysts pointed to weakening downtrends and growing momentum in several charts. A chart analyst wrote, “one breakout away from changing the entire chart,” referring to XRP. Other traders noted fee‑driven buyback mechanics and concentrated derivatives volumes when discussing HYPE.

Background: XRP is commonly used in cross‑border payment projects and has attracted institutional interest through spot ETF flows. UNI is the governance token for a major decentralized exchange and typically tracks DeFi activity and total value locked. HYPE is connected to a derivatives ecosystem where perpetual contracts and buyback programs can concentrate liquidity flows.