XRP surged more than 13% in 24 hours, reclaiming the $1.28 level for the first time in two weeks. The token had fallen more than 50% from over $2.30 in January, bottoming out at $1.10 on June 11 before staging its recovery.
Why XRP Bounced
Market intelligence firm Santiment attributed part of the rebound to the resolution of the US-Iran conflict, which removed a major source of uncertainty that had been pressuring risk assets. Sentiment around XRP had fallen to some of its lowest levels of 2026 before the rally, creating conditions for a relief rally as fear faded.
Large holders have been accumulating throughout the downturn. Wallets holding at least 1 million XRP now control more than 74% of the entire supply, having added 1.53 billion tokens over the past six months.
Resistance at $1.30
Analyst CasiTrades pointed to $1.30 as a major resistance level. If XRP fails to break through, CasiTrades said there is a chance it could fall back to support at $0.90. However, the analyst also noted that the recent bounce has been stronger than expected and could be the early stages of a new trend rather than a final move lower.
Zcash and Bittensor Join the Rally
Zcash jumped nearly 30% to $535, its highest level since a crash on June 4. The privacy coin’s surge followed a security audit by Anthropic’s Claude Mythos, which found no serious vulnerabilities in the protocol.
Bittensor’s TAO token skyrocketed more than 30% to $285. The move was fueled by the US blockade of Anthropic’s Fable 5 and Mythos 5 models, which boosted interest in decentralized AI alternatives. TAO is the native token of the Bittensor network, a decentralized machine-learning platform.
Whether XRP can sustain its momentum now hinges on whether it can breach $1.30 in the coming days — a test that will determine if the rally has legs or gives way to a retest of lower support.
