XRP price is trading at $2.02 after rebounding from a sharp dip on June 21. The action followed a broader crypto sell-off caused by the upsurge in geopolitical tensions in the Middle East.
As the market reacts to news of U.S. airstrikes on Iranian nuclear facilities, XRP price attempts to reclaim momentum while holding a key support level.
U.S.–Iran Conflict Triggers Selloff in Crypto Markets, XRP Price Reacts
U.S. President Donald Trump revealed shocking news that American fighter jets had bombed three Iranian nuclear sites, namely Fordo, Natanz, and Esfahan.
This was a significant escalation of the conflict in the Middle East and the official involvement of the United States in the war between Iran and Israel.
The military action triggered an immediate fuss in the financial markets, including crypto, which is sensitive to geopolitical risk.
Trump has threatened Iran with new attacks, saying that many more targets were not destroyed. He also warned that there could be even greater attacks in case Iran is not willing to make peace.
The possibility of further aggression caused a shock to the markets. After hours, Bitcoin declined by 2% and moved to the level of $101,000. Ethereum fell over 7% in 24 hours. Altcoins, including XRP price, were also dragged into the red.
XRP Price Holds Fib Support as Bulls Step In
Despite the sharp correction, XRP price showed surprising strength by rebounding from the $2.01 support zone. This area is the 1.236 Fibonacci extension, and it is a major structural support.
Analyst CasiTrades pointed out that the action came along with bullish divergence on the 15-minute and 1-hour RSI charts.
Although XRP price reached a local bottom, the RSI recorded increased lows, a typical early indication of a price reversal in progress.
This divergence helped XRP price stabilize while other major tokens continued sliding. The zone also supported the liquidations well during the heavy liquidations on other altcoins, which shows the strength of the structure. Traders have a short-term critical pivot in place at $2.01.
EGRAGCRYPTO argues that the most crucial resistance against clear stands at $2.08. He noted that XRP price had previously broken above this level and was now retesting it.
A breakout candle of a successful 12-hour candle close with a price above $2.08 would give access to $2.30- $2.33, which he calls the narrow range. That zone is one of the main points of inflection of a possible breakout.
XRP Breakout Zone at $2.30 in Focus
However, if bulls can push XRP price above $2.30 with volume, momentum could accelerate toward $2.65. It is on that level, which EGRAG refers to as the GO-GO zone, that a complete macro breakout can commence.
But on the way to that target, trouble awaits, especially in the form of wider market factors influenced by geopolitical risk.
However, the inability to close above $2.08 may cause another correction to $1.90, a support area that was previously considered demand.
Traders are still cautious, but are starting to position around the setup of the breakout. Many of them are taking the $2.08 – $2.10 zone as a short-term battle zone. If bulls win this fight, XRP price may regain its footing even as broader sentiment remains uncertain.
Sentiment and RSI Signals Mixed Momentum
Coinglass Data showed that XRP’s long/short ratio stood at 1.005 during the early hours of June 22. There were 50.13% long positions and 49.87% shorts.
It is a sign of uncertainty in the market, as traders are not invested so much in one direction or another.
Earlier in the week, bearish positions dominated as XRP price dipped.
But as price held the $2.1 support, sentiment normalized. In the meantime, RSI still shows an ascending trendline on the short-term timeframes.
This gives another hope that there is a slow movement towards XRP crypto bullish breakout.
