XRP Stages ‘Impressive Comeback’ After Sentiment Slump
XRP has “staged an impressive comeback,” according to on-chain analytics firm Santiment, which reported Monday that the token surged more than 13% in a 24-hour period, reclaiming the $1.28 level for the first time in two weeks.
Traders have reportedly reacted positively to news suggesting a resolution to the US-Iran conflict, which had been a “major source of uncertainty that had pressured risk assets.”
XRP has experienced a challenging year, falling over 50% from its January peak of more than $2.30 to a low of $1.10 on June 11, before beginning its recovery. Santiment noted that this rebound is particularly significant as it occurred after sentiment had dipped to some of its lowest levels of 2026, “creating the conditions for a powerful relief rally once fear began to fade.”
The firm frequently observes that periods of maximum fear and doubt can precede relief rallies, as markets often move contrary to prevailing crowd expectations. XRP has also benefited from strong support among its largest holders, with “whales” dominating the ecosystem. On-chain data from Santiment indicates that wallets holding at least 1 million XRP now control over 74% of the total supply, having accumulated an additional 1.53 billion tokens in the past six months.
Analyst CasiTrades pointed out that the $1.30 level represents a significant resistance point, and there remains a possibility that XRP could fail to break through and retreat to support at $0.90. However, she also commented that the recent bounce has been stronger than anticipated. “If this momentum continues, we may be looking at the early stages of a new trend rather than a final move lower,” she stated, adding, “What I’m seeing right now is strength. Potentially the strongest we’ve seen in months! It still needs confirmation, but it’s exciting to finally see some life in this market!”
XRP Tests Major Resistance at $1.30
The cryptocurrency market is currently experiencing notable momentum, with XRP’s price approaching a critical resistance level around $1.30.
Other Cryptocurrencies Outperform XRP
While XRP’s 13% recovery bounce is considered impressive, other digital assets have seen even greater gains. Zcash, for instance, has surged nearly 30% in recent days, reaching $535 on Monday, its highest point since a significant decline on June 4. This surge followed a security audit by Anthropic’s Claude Mythos, which reportedly found no serious vulnerabilities in the Zcash protocol.
Bittensor’s TAO token has also experienced a substantial increase, skyrocketing more than 30% in recent days to reach $285. This upward movement has been attributed to the US blockade of Anthropic’s flagship Fable 5 and Mythos 5 models, which has reportedly spurred increased interest and investment in decentralized artificial intelligence solutions.
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