XRP fell 1.27% to $1.13 as Iran suspended US talks and whale wallets decreased by 30 million

Geopolitical tensions dent risk appetite

Following Israel’s recent strikes in southern Lebanon, Iran has reportedly suspended its planned negotiations with the US, which were scheduled to take place in Switzerland on June 19, 2026. These discussions were expected to focus on reducing regional tensions and revisiting nuclear constraints within a broader diplomatic framework.

After Israel’s attacks in southern Lebanon, Iran called off the US-Iran talks slated for June 19, 2026, according to reports.

With the announcement coinciding with a US market holiday, initial reactions were subdued. However, increased volatility is anticipated once markets reopen, according to derivatives activity. Despite XRP’s lack of direct link to geopolitical assets, weakened global risk appetite can lead to lower liquidity flowing into the cryptocurrency space.

Whale wallets see significant decline

On-chain data reveals that between June 13 and June 17, 2026, the amount of XRP held by large investors fell from approximately 3.82 billion to 3.77 billion—marking a decrease of more than 30 million XRP over just four days. Santiment, a well-known crypto analytics platform, highlighted this shift in major wallet balances.

Glossary: On-chain data refers to direct information pulled from a blockchain, such as wallet movements, transfers, and balance changes. While declines in whale wallets do not always indicate selling, they can signal short-term liquidity pressure.

Santiment data indicate that large investors reduced their XRP holdings from 3.82 billion to 3.77 billion between June 13 and June 17.

These moves are often interpreted as transfers to exchanges, portfolio rebalancing, or risk reduction ahead of potential volatility. Although not a definitive sign of immediate selling, such patterns have been linked to short-term price action, prompting close monitoring by market observers.

Technical indicators show persistent downward pressure

According to TradingView, XRP continues to trade in a technically weak position, holding below its key moving averages and maintaining a generally downward trend. The asset posted a daily change of about -0.6%, while oscillators suggest a more balanced, albeit cautious, outlook.

The Relative Strength Index (RSI) stands at 38.79, hovering near the oversold threshold. The MACD indicator offers only a limited buy signal, insufficient to confirm a reversal on its own. The Average Directional Index (ADX) at 28.01 indicates a moderate strength to the prevailing trend.

Support and resistance levels stand out

In the short term, the $1.12371 and $1.09652 price levels serve as key support zones, while $1.49891 and $1.66692 are the primary resistance targets for any upward moves. Analysts caution that a sustained drop below the $1.10–$1.13 range may intensify selling pressure. Conversely, regaining the $1.16–$1.21 band could help temper the current downward momentum.

On longer timeframes, some analysts have pointed to a rising triangle pattern and Elliott wave count on the two-month chart. Yet, they emphasize that a move above the $2.00–$2.10 region and the recovery of certain moving averages would be needed to confirm any bullish scenario.