XRP traded at $1.13, with the article citing a 1.27% decline. The move came as reports said Iran canceled its planned June 19, 2026 talks with the US in Switzerland after Israeli strikes in southern Lebanon. At the same time, on-chain data showed large XRP holders reduced their balances by more than 30 million tokens over four days.
Geopolitical shock hits risk appetite
The planned US-Iran discussions were expected to cover ways to reduce regional tensions and revisit nuclear restrictions within a broader diplomatic setting. Because the news broke during a US market holiday, the first reaction was limited, but the report said derivatives activity pointed to higher volatility once markets reopened.
XRP has no direct tie to geopolitical assets. Even so, weaker global risk appetite can pull liquidity away from crypto, and that backdrop added pressure to the token’s short-term price action.
Large wallets trimmed balances between June 13 and June 17
Data cited from Santiment showed that from June 13 to June 17, 2026, XRP held by major investors fell from about 3.82 billion to 3.77 billion. The report described that as a decline of more than 30 million XRP in just four days.
Such wallet shifts are often read as exchange transfers, portfolio rebalancing, or risk reduction ahead of possible volatility. The article also noted that lower whale balances do not automatically confirm active selling, but the pattern is often watched for clues on near-term liquidity pressure.
Technical readings remain weak
According to TradingView data in the report, XRP stayed below key moving averages and remained in a broader downward structure. It also posted a daily change of about -0.6%, while oscillators suggested a more balanced but still cautious setup.
The RSI stood at 38.79, close to the oversold zone. MACD was -0.03916, offering only a limited buy signal and not enough on its own to confirm a reversal. ADX came in at 28.01, showing moderate trend strength. Taken together, the indicators still pointed to persistent downside pressure.
The $1.10 to $1.13 area is under close watch
Near-term support levels were listed at $1.12371 and $1.09652, while the main resistance levels stood at $1.49891 and $1.66692. The article said a sustained break below the $1.10 to $1.13 zone could intensify selling pressure. A recovery into the $1.16 to $1.21 range could ease the current downward momentum.
On longer timeframes, some analysts pointed to a rising triangle and an Elliott wave count on the two-month chart. They also said a bullish case would require a move above the $2.00 to $2.10 area and the recovery of certain moving averages.