XRP fell to a session low of $1.27 on Saturday morning before partially recovering to around $1.33, as a wave of risk-off selling triggered by the US-Israeli military strikes on Iran pushed the broader cryptocurrency market into its sharpest single-session decline in months.
The token remained down more than 8% on the day at the trough, underperforming Bitcoin's (BTC) roughly 6.5% slide but tracking closely with Ethereum's (ETH) approximately 9% drop.
Recovery has been measured rather than decisive, with volume contracting during the rebound - a pattern that typically reflects repositioning rather than renewed conviction.
The geopolitical shock compounded an already weakening technical structure. XRP rejected near $1.45 earlier in the week, setting off a sequence of lower highs and lower lows heading into the weekend.
The drop toward $1.27 pushed the token to the lower Bollinger Band on the hourly chart before buyers stepped in. That level - near $1.26996 - now functions as the immediate downside reference.
Technical Readings
As of Saturday morning, XRP was trading near $1.33, just below its 21-period simple moving average at approximately $1.33030 and testing the 14-period MA near $1.31786.
The Relative Strength Index sat at 46.60 - recovering toward neutral territory from oversold conditions but not yet generating a bullish read.
The MACD histogram turned slightly positive at 0.00302, suggesting downside momentum has begun to ease without confirming a trend reversal. The upper Bollinger Band near $1.38861 defines the near-term ceiling if buying pressure returns.
Failure to sustain above $1.32 could expose the token to another test of the $1.27 low, particularly if broader market weakness extends into the coming week.
Market Context
XRP's move is not isolated. Bitcoin touched $63,038 at its Saturday low, while Ethereum dropped to approximately $1,836 and Solana (SOL) fell toward $77.
Total crypto market capitalization fell roughly $70 billion within an hour of the Iran headlines breaking. Gold surged toward $5,300 per ounce during the same window, reflecting conventional safe-haven rotation.
With traditional markets closed Saturday, automated trading and forced liquidations in derivatives - over $445 million on the day - amplified the moves beyond what spot selling alone would explain.
Whether the recovery holds depends largely on how Iran's stated intention to respond to the strikes develops over the weekend.
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