Crypto Market Seeks Stability Amid US-Iran Tensions

Ripple's XRP price is attempting to break above $1.36 on Thursday, supported by a strong moving average cluster. This modest recovery comes despite broader market sentiment remaining shaky due to renewed tensions between the US and Iran.

The recent strikes between the two nations have led to risk aversion, with outflows from spot Exchange-Traded Funds (ETFs) observed on Wednesday. The cryptocurrency market is adopting a cautious stance, reflecting this uncertainty.

Bitcoin's price remains steady around $77,700, trading sideways after its sharp rally in August. Institutional demand supports this range-bound price action, and market participants are cautious ahead of key economic data on Friday that could influence the Federal Reserve's policy path and Bitcoin's next directional move.