XRP Price Tumbles Amid US-Iran Conflict, But Seasonality Suggests March Rebound

The recent conflict between the US and Iran sent shockwaves through the cryptocurrency market, causing a decline in the XRP price. However, on-chain analysis suggests that this downturn may be short-lived.

According to data from Glassnode, the current capitulation phase for XRP is likely to last around a month, with holders experiencing unrealized losses. This phase has historically preceded a strong rebound in the market.

In addition, seasonality data indicates that March has been a strong month for XRP's price over the past 12 years, with an average return of 18%. While the current tensions between the US and Israel may impact the market, these historical trends suggest that XRP could be poised for a rebound in the coming weeks.