Despite geopolitical tensions rattling global markets, XRP price recovery may be closer than it seems. Last week, Ripple’s XRP (XRP) slid roughly 8% amid escalating Middle East conflict, as traders reacted to U.S. airstrikes in Iran. But even with macro uncertainty weighing on sentiment, several key indicators—technical, on-chain, and institutional—are flashing bullish signals for XRP.
Here are three reasons analysts believe a recovery in XRP’s price is not only possible but increasingly likely.
1. XRP Is Bouncing From a Historical Support Zone
As of June 23, XRP had already rebounded more than 7.5% from its local low of $1.90, recovering toward the $2.05 range. This bounce occurred at a strong technical support confluence that previously triggered a major rally.
The support zone includes a multi-week ascending trendline and the 50-week exponential moving average (EMA), both aligning in the $1.80–$2.00 range. In past market cycles, XRP has shown resilience when testing this band, including a notable 65% surge earlier this year.
Analysts are closely watching for a breakout above the upper boundary of XRP’s symmetrical triangle pattern. If confirmed, this could pave the way for a rally to $3.71—an all-time high that would signal a full XRP price recovery and renewed investor confidence.
2. No Panic Selling From XRP Whales
Market dips often prompt fear-driven exits, especially among retail investors. But data from blockchain analytics firm Glassnode suggests the opposite is happening with XRP. The number of wallet addresses holding at least 10,000 XRP tokens—typically seen as “whales” or high-net-worth individuals—has remained not just stable, but rising.
As of June 20, there were over 295,000 addresses with balances exceeding 10,000 XRP. That’s a record high, even as the token briefly dropped below $2 during geopolitical turbulence.
This behavior implies whales are not fleeing the market. On the contrary, they appear to be accumulating, signaling long-term conviction in XRP’s fundamentals and recovery potential.
This trend has historically preceded price rallies, reinforcing the case for a possible reversal in the current downturn.
3. Institutions Are Still Buying XRP
Retail conviction is one thing—but institutional flows offer another powerful indicator of future price action. According to CoinShares, XRP-focused investment products saw $2.7 million in weekly inflows during the recent sell-off. Month-to-date, institutional flows into XRP stand at $10.5 million.
That puts XRP among the top-performing altcoins in terms of capital inflows during a risk-off period, alongside Solana (SOL) and Sui (SUI). For comparison, many other digital assets—including Bitcoin (BTC) and Ethereum (ETH)—saw outflows during the same stretch.
These inflows suggest that larger financial players view the XRP price recovery as both probable and potentially lucrative. With Ripple continuing to expand its global payments partnerships and regulatory clarity improving in some jurisdictions, institutional sentiment appears to be turning more favorable.
What to Watch Next for XRP
While XRP has shown promising signs of bottoming out, the broader macro environment remains a wildcard. Continued tensions in the Middle East could introduce volatility, and a stronger dollar or tighter monetary policy from the Federal Reserve could weigh on crypto markets in general.
Still, the combination of technical support, whale accumulation, and institutional flows makes a compelling case for a potential XRP price recovery. If momentum continues, traders could see XRP push back toward $3 or higher in the coming months.
The Bottom Line
While the past week saw XRP under pressure, the outlook may not be as bleak as it seemed. The presence of solid support levels, committed large holders, and increasing institutional interest signals that XRP could rebound strongly if broader market conditions stabilize.
As always, investors should monitor global news, regulatory updates, and on-chain metrics—but for now, XRP price recovery appears more possible than not.
