XRP rose more than 3% on June 15, outpacing both bitcoin and ether, after President Donald Trump said Sunday evening that a deal to reopen the Strait of Hormuz and lift the U.S. naval blockade was reached. The move pushed XRP past $1.10 and put a distinctly geopolitical driver behind an already crypto-specific rally.
The Strait of Hormuz deal
Trump announced the agreement late June 14, calling for toll-free passage through the strait and removal of the blockade. The deal is expected to be signed by the end of the week, and reports from Pakistan and India backed Trump's statement. For XRP, which has often been tied to cross-border payment narratives, the timing matters — the token’s price action this week has been as much about macro as about crypto-native flow.
ETF flows tell a lopsided story
During the past business week, XRP ETFs pulled in over $10 million in net inflows. That contrasts sharply with ETH ETFs, which saw $15 million in net outflows, and bitcoin ETFs, which bled more than $300 million. South Korea’s Upbit emerged as the exchange with the highest concentration of XRP deposit-wallet activity, a signal that retail demand remains concentrated in Asia.
CryptoQuant analysts said the rebound is driven by a “divided flow structure” — a pattern that can indicate the move is more sustainable than a single whale-driven spike.
What the charts say
Analyst Ali Martinez noted that the TD Sequential indicator flashed a buy signal for XRP after it recovered above $1.10. He added that a breakout from a symmetrical triangle pattern could yield another 14% move. Analyst CW pointed to key resistance at $1.25, where a sell wall sits, and at $1.40, where a significant cluster of short positions is held.
Not everyone is confident. Trader CRYPTOWZRD warned that XRP’s daily close was indecisive and that the token needs to reclaim $1.18 decisively to keep the upside going. Rejection there, he said, offers a short opportunity, and a move below $1.10 would signal further decline.
Whether XRP holds above that $1.18 level in the coming sessions may determine if the Strait of Hormuz rally has legs — or if it stalls at the sell walls above.
