XRP's price surged over 11% to $2.21 following a ceasefire between Israel and Iran, a significant development that eased geopolitical tensions in the Middle East and prompted traders to return to risk assets. This uptick coincides with the consistent accumulation of XRP by mid-sized whale addresses, which have increased their holdings from approximately 6.8 billion to over 7.34 billion XRP since December 2024, undeterred by recent global instability. XRP also bounced back from a key support zone between $1.82 and $1.92, which is critical for its price trajectory. This support has previously catalyzed a 65% rally. Analysts noted that while descending triangles can indicate bearish trends, breaking above the upper trendline could lead XRP towards reaching its year-to-date high of $3.36, a 55% increase from current levels.

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