XRP price has shown resilience after a sharp decline triggered by heightened geopolitical tensions involving U.S. airstrikes on Iranian nuclear facilities. The token briefly dipped below $2.00 but successfully reclaimed this critical support level, trading around $2.02 after a V-shaped recovery.
The geopolitical conflict caused a broad crypto market sell-off, with Bitcoin dropping about 2% and Ethereum falling over 7%. However, XRP demonstrated surprising strength by bouncing from a key 1.236 Fibonacci extension support around $2.01 and showing bullish divergences on short-term RSI charts.
Futures markets indicate renewed interest, with nearly $4 billion in XRP derivatives changing hands, led by Binance, Bybit, and OKX, suggesting institutional accumulation. Additionally, ETF momentum is building, with XRP ETFs launched on the Toronto Stock Exchange and the U.S. SEC opening a public comment period on a proposed XRP ETF, hinting at a potential regulatory easing.
Technical analysis highlights crucial resistance near $2.08, where a successful breakout could lead XRP toward $2.30–$2.33 and possibly $2.65 in the near term. Conversely, failure to hold above $2.08 could lead to a retest of $1.90 support. Market sentiment remains mixed but cautiously optimistic as traders closely watch these pivotal levels amid broader market uncertainty driven by geopolitical risks.