XRP appears more fragile in the short term due to the postponement of talks between the USA and Iran and the decline in major investor wallets. While the XRP price was around $1.13 at the time of writing the news feed, it dropped by approximately 1.27% in the last session. Market players are watching to see if the price can hold on to nearby support zones.
Geopolitical developments weakened risk appetite
It was reported that following Israel’s attacks in Southern Lebanon, Iran suspended the US-Iran talks planned to be held in Switzerland on June 19, 2026. It was stated that these contacts were part of a broader framework that addressed the topic of reducing regional tensions and nuclear restrictions.
Following Israel’s attacks in Southern Lebanon, it was reported that Iran suspended the US-Iran talks planned for June 19, 2026.
The initial reaction was limited because the announcement coincided with a day when US markets were closed. On the other hand, in futures transactions, the expectation that volatility may increase when the markets reopen came to the fore. Although XRP is not directly tied to geopolitical assets, the weakening of global risk appetite may affect liquidity heading into the cryptocurrency market.
The decline in whale wallets attracted attention
On-chain data showed that between June 13 and June 17, 2026, the amount of XRP held by major investors decreased from approximately 3.82 billion to 3.77 billion. Thus, there was a decrease of more than 30 million XRP in the four-day period. Santiment is known as an analysis platform that tracks on-chain data in the cryptocurrency market.
Mini dictionary: On-chain data refers to data received directly from the network, such as wallet movements, transfers, and balance changes, on a blockchain. A decrease in large investor wallets may indicate short-term liquidity pressure, although it does not always mean selling.
According to Santiment data, between June 13 and June 17, the amount of XRP held by large investors decreased from approximately 3.82 billion to 3.77 billion.
Such moves are generally interpreted as transfers to stock markets, portfolio balance changes, or pre-volatility risk reduction. Although it is not considered a definitive sell sign, it is closely watched due to its association with short-term price movements in the past.
Downward pressure continues on the technical outlook
According to TradingView data, XRP is trading in a technically weak outlook. While the asset remains below the major moving averages, the overall trend remains downwards. While the daily change is in the negative zone of approximately 0.60%, oscillators offer a more balanced picture.
The relative strength index is at 38.79, approaching the oversold zone. Although a limited buy signal is visible on the MACD indicator, this outlook alone does not confirm a clear reversal. ADX data indicates that the trend strength is at a medium level at 28.01.
| Indicator | Level |
|---|---|
| XRP price | $1.13 |
| RSI 14 | 38.79 |
| MACD | -0.03916 |
| ADX 14 | 28.01 |
Support and resistance levels stand out
In the short term, $1.12371 and $1.09652 levels are watched as support. In upward movements, the $1.49891 and $1.66692 levels are in resistance. According to the analysis, a permanent decline below the $1.10 to $1.13 band could increase selling pressure. On the other hand, exceeding the range between $ 1.16 and $ 1.21 again is considered one of the main thresholds that can weaken the downward momentum.
In longer-term evaluations, some analysts point to the ascending triangle structure and Elliott wave count on the two-month chart. However, it is emphasized that these scenarios will not gain confirmation without exceeding the $ 2.00 to $ 2.10 region and retracing certain moving averages.
