XRP fell to a session low of $1.27 on Saturday morning before partially recovering to around $1.33, as a wave of risk-off selling triggered by the US-Israeli military strikes on Iran pushed the broader cryptocurrency market into its sharpest single-session decline in months.
The token remained down more than 8% on the day at the trough, underperforming Bitcoin's (BTC) roughly 6.5% slide but tracking closely with Ethereum's (ETH) approximately 9% drop.
Recovery has been measured rather than decisive, with volume contracting during the rebound - a pattern that typically reflects repositioning rather than renewed conviction.
The geopolitical shock compounded an already weakening technical structure. XRP rejected near $1.45 earlier in the week, setting off a sequence of lower highs and lower lows heading into the weekend.
The drop toward $1.27 pushed the token to the lower Bollinger Band on the hourly chart before buyers stepped in. That level - near $1.26996 - now functions as the immediate downside reference.
Technical Readings
As of Saturday morning, XRP was trading near $1.33, just below its 21-period simple moving average at approximately $1.33030 and testing the 14-period MA near $1.31786.
The Relative Strength Index sat at 46.60 - recovering toward neutral territory from oversold conditions but not yet generating a bullish read.
The MACD histogram turned slightly positive at 0.00302, suggesting downside momentum has begun to ease without confirming a trend reversal. The upper Bollinger Band near $1.38861 defines the near-term ceiling if buying pressure returns.
Failure to sustain above $1.32 could expose the token to another test of the $1.27 low, particularly if broader market weakness extends into the coming week.
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Market Context
XRP's move is not isolated. Bitcoin touched $63,038 at its Saturday low, while Ethereum dropped to approximately $1,836 and Solana (SOL) fell toward $77.
Total crypto market capitalization fell roughly $70 billion within an hour of the Iran headlines breaking. Gold surged toward $5,300 per ounce during the same window, reflecting conventional safe-haven rotation.
With traditional markets closed Saturday, automated trading and forced liquidations in derivatives - over $445 million on the day - amplified the moves beyond what spot selling alone would explain.
Whether the recovery holds depends largely on how Iran's stated intention to respond to the strikes develops over the weekend.
Read next: Crypto Lost $70B In One Hour After The US Bombed Iran
