XRP Price Recovery? 3 Indicators Say It’s Possible Despite Middle East Conflict

XRP’s (XRP) price declined by around 8% last week, especially during the weekend, as traders digested the news of the US bombing Iran and its potential impact on risk markets.

Still, a mix of fractal, onchain, and technical indicators suggests that XRP’s downside sentiment may exhaust in the coming days. Let’s examine these factors as follows.

#1 XRP is Testing Support Confluence That Preceded 65% Price Rebound

As of June 23, XRP was recovering, up by over 7.50% from the local low of $1.90.

Interestingly, the rebound occurred after testing a support confluence comprising XRP’s multi-week ascending trendline support and 50-week exponential moving average (50-week EMA; the red wave).

These supports fall inside the $1.80-2.000 range.

If XRP confirms a breakout above the upper trendline of its symmetrical triangle pattern, the price could rally toward the $3.71 level, thus establishing a new record high.

#2 No Sign of Panic Selling Among Rich XRP Traders

Despite XRP’s recent price drop, there’s little evidence of panic among large holders.

Data from Glassnode shows that the number of XRP addresses holding at least 10,000 tokens has remained steady—even ticking higher—throughout the latest correction.

This metric, often used to gauge conviction among high-value investors, indicates that whales and high-net-worth entities are holding firm rather than exiting their positions.

As of June 20, there were over 295,000 addresses with 10K+ XRP balances, a record high. This steady climb in wealthy wallet counts, even as XRP’s price fell below $2 during the Iran–US conflict-triggered sell-off, suggests accumulation rather than capitulation.

#3 Institutions Are Accumulating XRP

Institutional flows further reinforce this outlook. CoinShares data shows $2.7 million in weekly inflows into XRP-backed investment products, bringing the month-to-date total to $10.5 million.

That makes XRP one of the few altcoins—alongside Solana and Sui—to attract net capital inflows during a risk-off market.