XRP Plunges to $1.27, Erasing 2026 Gains Amid Escalating Geopolitical Tensions

The price of XRP has dropped significantly to the $1.27 level following confirmation of major US combat operations against Iran. This current decline has effectively wiped out the early 2026 rally, which had previously seen the token reach a peak of $2.40. The sell-off was triggered by a broader risk-off sentiment across cryptocurrency markets following reports of coordinated missile strikes. Despite the sharp retreat, technical indicators of 'capitulation' suggest that the market may be reaching an exhaustive phase near a potential bottom. Analysts maintain that these technical signals could set the stage for a recovery as early as March. Investors continue to closely monitor geopolitical developments in the Middle East and their impact on global digital asset liquidity.