The cryptocurrency market turned green after US President Donald Trump announced a peace deal concerning the Strait of Hormuz and the removal of a naval blockade, sending risk-on assets higher. Among the beneficiaries, Ripple's XRP stood out with a daily gain of over 3%, surpassing Bitcoin's 1.9% and Ethereum's 2.5% advances.
Geopolitical tailwind and ETF inflows fuel the rise
The catalyst was the Sunday evening statement by President Trump, who authorized toll-free passage through the Strait of Hormuz and the lifting of the US naval blockade. A formal agreement is expected to be signed by week's end, with concurring reports from Pakistan and India. Peace developments tend to buoy crypto markets, and XRP—as a large-cap altcoin—benefited disproportionately.
Beyond the headline, XRP-specific factors added momentum. Exchange-traded funds tracking the token attracted over $10 million in net inflows during the past business week. This contrasted starkly with $15 million in outflows from Ethereum ETFs and more than $300 million withdrawn from Bitcoin counterparts, signaling a rotation of capital into XRP products.
Korean retail drives the rally, but concentration raises flags
On-chain data from CryptoQuant reveals the buying is overwhelmingly concentrated. South Korea's largest exchange, Upbit, saw its dominance of XRP net wallet deposit flows surge from 13% on June 7 to 31% by June 14—the highest since May 2024. Meanwhile, Coinbase dominance collapsed from 27% to 0%, Binance slipped from 16% to 13%, and Crypto.com dropped from 9% to 3%. The rally lacks cross-exchange confirmation, resting almost entirely on Korean retail demand.
Historically, XRP has functioned as a Korean retail vehicle, with Upbit and Bithumb frequently recording more XRP volume than Bitcoin and Ethereum combined. The current pattern mirrors past spikes: fast, sharp rallies led by local sentiment, followed by rapid unwinds when retail rotates to the next ticker. Analysts caution that without a recovery in Western exchange flows, the move carries elevated reversal risk.
Technical outlook and analyst levels
Popular trader Ali Martinez highlighted a TD Sequential buy signal after XRP reclaimed $1.10, suggesting a breakout from a symmetrical triangle could yield a 14% move. Fellow analyst CW identified resistance at $1.25 and $1.40, with a significant cluster of short positions at the latter. However, CRYPTOWZRD noted an indecisive daily close and stressed the need for a decisive reclaim of $1.18. The token currently tests that level, wedged between the 50-day moving average near $1.14 (now support) and the 100-day average around $1.186 (immediate ceiling). The 4-hour RSI at 62 indicates momentum is positive but approaching overbought conditions.
The data suggests that for the rally to become durable, Coinbase and Binance deposit flows must revive, confirming participation beyond one time zone. As it stands, the recovery is real but geographically narrow, and its longevity depends on whether institutional and Western buyers step in to validate the move.
