XRP's price surged over 11% following a ceasefire between Israel and Iran, signaling improved geopolitical conditions that have spurred investment interest in risk assets, including cryptocurrencies. The uptick comes as XRP rebounded from key technical support levels, specifically between $1.82 and $1.92, aided by ongoing accumulation from mid-sized whale investors who hold between 10,000 and 100,000 XRP. This group has increased its holdings from around 6.8 billion to over 7.34 billion XRP since December 2024. The confluence of a favorable geopolitical climate and strategic accumulation from influential investors has raised optimism for a potential rally toward XRP's yearly high of $3.36. However, caution remains as traditional analysts view the technical formation of descending triangles as a potential bearish signal, which could lead to further declines if support is broken. Thus, while the outlook is currently bullish, analysts will be closely monitoring price movements for decisive breakouts or breakdowns.

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