{"id":44695,"date":"2026-06-16T06:20:12","date_gmt":"2026-06-16T06:20:12","guid":{"rendered":"https:\/\/financialrush.com\/?p=44695"},"modified":"2026-06-16T06:20:12","modified_gmt":"2026-06-16T06:20:12","slug":"xrp-stages-impressive-comeback-following-major-sentiment-slump-santiment","status":"publish","type":"post","link":"https:\/\/financialrush.com\/?p=44695","title":{"rendered":"XRP Stages \u2018Impressive Comeback\u2019 Following Major Sentiment Slump: Santiment\u00a0"},"content":{"rendered":"

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XRP has \u201cstaged an impressive comeback,\u201d reported onchain analytics firm Santiment on Monday.\u00a0The token surged more than 13% in just 24 hours and reclaimed the $1.28 level for the first time in two weeks, it added.<\/p>\n

Traders have reacted positively<\/a> to reports that the US-Iran conflict has reached a resolution, \u201cremoving a major source of uncertainty that had pressured risk assets.\u201d<\/p>\n

XRP has been battered this year, falling more than 50% from over $2.30 in January to bottom out at $1.10 on June 11, before it started to recover.<\/p>\n

Where Next For XRP?<\/h2>\n

The rebound has been especially notable because it came after sentiment had fallen to some of its lowest levels of 2026, \u201ccreating the conditions for a powerful relief rally once fear began to fade,\u201d said Santiment.<\/p>\n

The company often claims that maximum fear and doubt often lead to a relief rally as the markets move opposite to crowd expectations. Whales have dominated the ecosystem as XRP continues to benefit from strong support among its largest holders.<\/p>\n

Santiment onchain data indicates that wallets holding at least 1 million XRP now hold more than 74% of the entire supply, accumulating an additional 1.53 billion tokens in the past six months.<\/p>\n

CasiTrades observed that the $1.30 level is a major resistance point, and there is still a chance that XRP can\u2019t break it and falls back to support at $0.90, she said.<\/p>\n

However, the recent bounce has been stronger than expected, she said before adding, \u201cIf this momentum continues, we may be looking at the early stages of a new trend rather than a final move lower.\u201d<\/p>\n

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\u201cWhat I’m seeing right now is strength. Potentially the strongest we’ve seen in months! It still needs confirmation, but it’s exciting to finally see some life in this market!\u201d<\/p>\n<\/blockquote>\n

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XRP Tests MAJOR Resistance at $1.30! \"\ud83d\udea8\"<\/p>\n

We’re seeing some awesome momentum come into the crypto market, and price is now approaching a very important resistance level around $1.30.<\/p>\n

What’s interesting is that this move has already pushed beyond what I’d consider a standard\u2026 pic.twitter.com\/BznxwcuC0y<\/a><\/p>\n

\u2014 CasiTrades \"\ud83d\udd25\" (@CasiTrades) June 15, 2026<\/a><\/p>\n<\/blockquote>\n

Other Altcoins Recovering Well<\/h2>\n

XRP\u2019s 13% recovery bounce is impressive, but others have outperformed it.\u00a0Zcash has surged<\/a> almost 30% over the past few days, reaching $535 on Monday, its highest level since its huge crash on June 4. The move followed a security audit by Anthropic\u2019s Claude Mythos, which found no serious vulnerabilities in the protocol.<\/p>\n

Bittensor\u2019s TAO has also skyrocketed more than 30% in recent days to reach $285. It has been spurred by the US blockade of Anthropic\u2019s flagship Fable 5 and Mythos 5 models, spurring interest and investment in decentralized AI.<\/p>\n

The post XRP Stages \u2018Impressive Comeback\u2019 Following Major Sentiment Slump: Santiment\u00a0<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n