XRP Reclaims $1.28 After 50% Fall, But $1.30 Still Blocks Bulls

XRP (XRP) rebounded after a deep sentiment slump, as traders watched whether a 13% jump could become a broader recovery.

Key Points:

XRP Comeback

CryptoPotato reported Jun. 16 that XRP had staged what Santiment called an “impressive comeback,” citing a move of more than 13% in 24 hours and a return to $1.28.

The rebound followed reports that the U.S.-Iran conflict had reached a resolution, easing one source of uncertainty that had weighed on risk assets, according to the onchain analytics firm cited by Martin Young.

The move came after a long decline. XRP had fallen more than 50% from above $2.30 in January to $1.10 on Jun. 11, before buyers began pushing the token higher.

Santiment said the rally was notable because market sentiment had dropped to some of its weakest levels of 2026, creating room for a relief move once fear eased.

Also Read: Hyperliquid $1.4B SpaceX Perps As Rivals Cancel Tokenized Versions

XRP Outlook

Whale activity remains central to the setup. Santiment data showed wallets holding at least 1 million XRP now control more than 74% of supply, after adding 1.53 billion tokens over the past six months.

Analyst CasiTrades said $1.30 remains a major resistance level, and XRP could still fail there before falling back toward support at $0.90.

Still, she said the bounce was stronger than expected. “If this momentum continues, we may be looking at the early stages of a new trend rather than a final move lower,” she said.

“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!” she added.

Other altcoins also recovered. Zcash (ZEC) rose almost 30% over several days to $535, while Bittensor (TAO) gained more than 30% to $285 as interest grew in decentralized AI after the U.S. blockade of Anthropic’s Fable 5 and Claude Mythos 5 models.

XRP’s latest move follows months of pressure that began after its January high above $2.30, making the $1.30 area an important test of whether the bounce is only relief or the start of a stronger trend.

Read Next: 1 Million Users Donate To Rescue Session Messenger From Shutdown