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XRP faced renewed volatility after President Donald Trump confirmed major US combat operations against Iran, a development that quickly fed into broader risk sentiment across digital assets. The total crypto market capitalization fell 4.05% to $2.21 trillion. While the token weakened, technical analysts said XRP’s long-term structure remains intact despite the near-term selloff.
XRP recently slipped to $1.115, erasing early 2026 gains that had reached $2.40. It later traded near $1.44, up 6% over 24 hours, but still down 28% on the month. Analysts argued that the short-term pressure does not necessarily change the broader XRP price outlook.
Trump announced that the United States had begun “major combat operations” in Iran. He said the strikes targeted missile sites and the Iranian Navy, following weeks of stalled diplomatic talks. Trump stated that Iran was attempting to rebuild its nuclear program and develop long-range missiles, and said the action was intended to stop threats against American troops and allies.
Trump also urged the Iranian people to overthrow their government after the strikes conclude. Israeli Prime Minister Benjamin Netanyahu confirmed a joint operation against what he described as an “existential threat.” Shortly afterward, Israeli forces reported missile launches from Iran toward Israel, with defense systems intercepting incoming threats.
Crypto markets responded rapidly as traders reduced risk exposure. Price moves were sharp but uneven across major assets:
XRP has dropped about 29% since the start of the year and remains below its July 2025 peak of $3.6. From that high, the token has declined nearly 64%. CoinCodex’s XRP price prediction also noted six monthly losses in the last seven months.
Despite the weakness, XRP continues to trade above a multi-year ascending trendline. The trendline has acted as support since 2018. Historical data cited in the article shows two prior curves that retested the same level before strong breakouts, with each retest followed by renewed upside momentum.
Market watcher Chart Nerd said that if the pattern continues, XRP could revisit support before another breakout phase. The article further stated that, under this scenario, a full cycle breakout could extend toward $27.6, based on prior curve expansions.
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