It took a geopolitical flashpoint to shake XRP (XRP-USD) loose. After days of blood-red candles, the token snapped back to life, jumping more than 11% following a temporary truce between Israel and Iran that cooled global tensions. The ceasefire, announced by President Trump and confirmed by both governments, gave risk assets some breathing room. XRP joined the broader crypto rebound, bouncing back from a weekend sell-off triggered by U.S. strikes on Iranian nuclear sites.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Whales Keep Buying XRP Despite the Chaos
While headlines flashed red over the past week, XRP whales stayed steady. On-chain data from Glassnode shows mid-sized holders—wallets with 10,000 to 100,000 XRP—have quietly added to their stacks. Since late 2024, these addresses have grown their holdings from 6.8 billion to over 7.3 billion XRP. Their consistent buying helped absorb the weekend’s shock and fueled the sharp rebound once markets stabilized.
XRP’s Support Levels Hold Firm
Technically, XRP’s bounce wasn’t just about the news cycle. The token found solid footing at the $1.82 to $1.92 range, a critical support zone where its 50-week EMA meets the bottom of a descending triangle pattern. This same setup sparked a 65% rally earlier this year. Bulls are hoping for a repeat.
Descending Triangle Still Looms Large on XRP’s Chart
But it’s not a done deal. Descending triangles are usually bearish continuation patterns when they appear during an uptrend. If XRP breaks below that lower trendline, the next stop could be as low as $1.10. On the flip side, a clean breakout above the triangle’s upper boundary could open the door to $3.36—its 2025 high and a potential 55% upside from current levels.
At the time of writing, XRP is sitting at $2.18.
