XRP Price: XRP Surges 13% as US-Iran Tensions Cool — Here’s What the Charts Say Now

TLDR

• XRP surged roughly 13% in 24 hours, reclaiming the $1.28 level for the first time in nearly two weeks.
• Easing US-Iran geopolitical tensions was cited as the main catalyst for the broader crypto market rally.
• Whales holding at least 1 million XRP now control about 74.1% of the circulating supply, adding 1.53 billion tokens over six months.
• Elliott Wave analyst @cleggzonehq projects wave (5) could push toward $4.47, with $1.61 and $1.94 as key intermediate targets.
• Ripple is targeting $1 billion in annual revenue by end of 2026, separate from its XRP holdings.

XRP climbed about 13% in the past 24 hours, reclaiming the $1.28 level for the first time in nearly two weeks. The rally came alongside a broad recovery in crypto markets, with traders pointing to reports of easing tensions between the United States and Iran as the key trigger.

The move higher ended weeks of selling pressure on XRP. During that time, the token had been trading within a compressed range, holding support around $1.10 to $1.20 while struggling to break above resistance near $1.50 to $1.55.

On-chain data added to the positive picture. Wallets holding at least one million XRP now control around 74.1% of the circulating supply. These large holders added an estimated 1.53 billion tokens over the past six months, a pattern that analysts read as continued conviction from major investors.

Technical Breakout Puts Key Levels in Focus

XRP pushed through several near-term resistance levels during the rally. The token reclaimed the 200-period exponential moving average on the four-hour chart near $1.24, a level traders closely watch as a barometer of short-term trend direction.

Technical analyst @cleggzonehq shared an Elliott Wave analysis suggesting XRP has completed its corrective wave (4) structure following a wedge breakout. The analyst described the recent decline as a market shakeout before buyers returned. Based on this framework, wave (5) could extend toward a Fibonacci target of $4.47, though $1.61 and a retest of $1.94 are the nearest intermediate levels to clear first.

Broader indicator readings back up the improved tone. The RSI-14 sits at 56.14, the ADX-14 reads 34.25 with a buy signal, and TradingView’s aggregate summary shows 11 buys, nine neutral, and six sell signals — an overall “Buy” reading.

A year-long descending trendline still caps the upside. Traders are watching closely to see whether XRP can close above it decisively, which could open the path toward higher resistance zones.

Ripple Revenue Target Adds Fundamental Support

On the fundamental side, Ripple CEO Brad Garlinghouse has said the company is targeting approximately $1 billion in annual revenue by end of 2026. That figure does not include the value of Ripple’s XRP holdings.

The goal reflects the company’s growing international footprint and continued adoption of its payment products.

At the time of writing, the central pivot level sits at $1.3817. Immediate resistance is near $1.4989, followed by $1.6669 and then the widely watched $1.9521 zone. Short-term moving averages including the 10-, 20-, and 30-period EMAs all sit below the current price and remain supportive, while longer-term averages between $1.35 and $1.58 represent overhead resistance to work through.

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