XRP staged a sharp rebound on Monday, climbing more than 13% in 24 hours and briefly reclaiming $1.28, according to Santiment and CoinCodex. The move followed reports that tensions between the United States and Iran had eased, which helped lift risk assets across crypto markets. The token later slipped back toward $1.18 after the intraday surge.
Santiment said XRP’s recovery came after sentiment fell to some of its weakest levels of 2026. The firm said fear and doubt built up during the decline, which created conditions for a relief rally once uncertainty faded.
XRP had fallen more than 50% in 2026. It dropped from above $2.30 in January to $1.10 on June 11 before it started to recover. The wider market also showed signs of strength. Zcash rose almost 30% in recent days and reached $535 on Monday, its highest level since the June 4 crash.
Bittensor’s TAO also climbed more than 30% to $285. The token gained attention after the US blockade of Anthropic’s Fable 5 and Mythos 5 models boosted interest in decentralized AI.
Santiment’s on-chain data showed that large holders kept building positions during the selloff. Wallets holding at least 1 million XRP now control about 74.1% of the total supply. Those whale wallets added another 1.53 billion XRP over the past six months. The buying continued even as prices weakened and retail sentiment turned bearish.
That split between large holders and retail traders became clearer during the recent decline. While many smaller traders sold, whales kept increasing exposure.
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CasiTrades said $1.30 remains a major resistance level for XRP. She said the token could still fail there and fall back toward $0.90 support. Even so, she said the latest bounce has been stronger than expected. She added that continued momentum could point to the early stage of a new trend rather than a final move lower.
Ripple’s expanding institutional payments network also remains part of the broader backdrop. Interest in tokenization on the XRP Ledger continues to attract attention from enterprises exploring blockchain-based asset issuance.
XRP rebounded sharply after easing US-Iran tensions and improved market sentiment, while Santiment data showed whale wallets continued to accumulate. The token still faces key resistance near $1.30, and traders will now watch whether the recovery can hold or fade again.