XRP Price Soars Today : What’s Fueling Ripple’s Rally ?

Following recent dips due to Israel-Iran tensions, XRP price has surged, driven by a mix of positive factors. Explore the key reasons behind this upward momentum in the XRP market.

Written by Gaston Cuny

Translated on June 24, 2025 at 14:42 by Sarah

Copié

A Truce between Israel and Iran Boosts XRP

The recent surge in the price of XRP is closely linked to the announcement of a ceasefire between Israel and Iran by the US President Donald Trump. This easing of geopolitical tensions in the Middle East has led to a resurgence in risk appetite, benefiting cryptocurrencies like XRP.

Investors have once again flocked to risky assets, such as stocks and crypto-assets, after fleeing these markets due to escalating tensions. This shift in flows has allowed XRP to rebound strongly, recovering some of the recent losses.

Interestingly, XRP’s recovery coincides with sustained accumulation by medium-sized institutional investors. According to Glassnode data, addresses holding between 10,000 and 100,000 XRP have continuously increased their holdings, even during the geopolitical turmoil.

This buying momentum from whales likely helped cushion the XRP decline and fuel its current rebound. It also reflects the long-term confidence of these savvy investors in the Ripple project and its cryptocurrency.

Promising Technical Recovery

From a technical perspective, XRP has managed to bounce back from a key support level around $1.82 to $1.92. This support zone corresponds to the 50-week exponential moving average and the lower bound of the descending triangle that has characterized it for several months.

This bounce from a significant technical level enhances the prospects of a bullish breakout of XRP towards its yearly high at $3.36. However, analysts remain cautious, noting that descending triangles are generally seen as bearish reversal patterns.

In conclusion, the recent rise of the token is attributed to a combination of positive factors, including geopolitical relaxation, risk appetite, and accumulation by whales. While the technical momentum remains fragile, XRP appears well positioned to continue its rebound and strive to reach its historical highs.

One of the best crypto platforms is back !

More on this topic :

Gaston Cuny

Gaston has been a writer for over 7 years and a passionate cryptocurrency enthusiast since 2020. He loves exploring the crypto ecosystem and is now dedicated to sharing his insights and discoveries through InvestX.

DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.

DISCLAIMER

This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.

InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.