XRP Survives War Shocks: Analyst Remains Bullish
Xena, a commentator on the XRP community, has maintained that despite mounting bearish pressure, the price of XRP will not drop below $1 again. In light of the Middle East turmoil, Xena’s most recent remarks follow a wave of extreme pessimism that has crept into the cryptocurrency market. It is noteworthy that the United States struck Iran over the weekend, focusing on three key Iranian nuclear sites: Isfahan, Fordo, and Natanz.
Markets were affected by the announcement, which raised fears that the already tense situation between Iran and Israel would worsen. For the first time in more than a month, the global cryptocurrency market fell below the $3 trillion threshold after losing $250 billion between June 20 and June 22.
XRP Hits 10-Week Low: Is the $1 Price Level at Risk Again?
This market-wide meltdown also hurt XRP, which fell below the crucial $2 mark over the weekend for the first time since April 11. The asset plummeted to $1.90, its lowest level in ten weeks. Even though this decline raised concerns about a more severe collapse, Xena is still optimistic about XRP’s ability to bounce back.
Although she provided a screenshot of this drop, she insisted that XRP would not return to trading in the cents region—a price point below $1. Remember, at the Trump-led rally in November 2024, XRP dominated the $1 price point. In three years, XRP had not traded above $1 until now.
XRP Battles to Hold $2 After Stunning 7-Year Breakout: Can It Stay Up?
Remarkably, XRP recovered the $2 threshold in December for the first time in seven years, two weeks after regaining $1 in mid-November 2024. It is noteworthy that XRP has been resilient in the face of the bearish consolidation and correction that have dominated the market since February 2025.
In particular, since November 2024, XRP has soared far above the $1 price support and has not even attempted to retest it. This fact has helped explain the current optimism shown by Xena, a fervent supporter of XRP permabull. Another element supporting the optimism is the fact that XRP has had difficulty holding onto the $2 price despite sporadic drops below it.
For example, when the overall market recovers some of the weekend losses in the new week, XRP has once again recovered the price region following the most recent decline below $2. Currently trading around $1.99 at the time of writing, XRP is in a precarious situation because even a slight bearish move could send it down below $2 once more.
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