Ripple Under Pressure Amid Mixed Crypto Market

Ripple's XRP token has been under pressure for the fourth consecutive day this week, trading below $1.05 at the time of writing on Thursday.

The decline reflects a lethargic sentiment in the broader cryptocurrency market, despite easing geopolitical tensions in the Middle East.

Pudgy Penguins (PENGU) is showing signs of momentum building, with improving derivatives metrics and a constructive technical outlook. The token nears the key 50-day Exponential Moving Average (EMA) at $0.0063 on Thursday.

The cryptocurrency market is somewhat mixed, with Bitcoin approaching $65,000 and Ethereum holding above $1,900 while Ripple extends its decline amid potential negotiations between Iran and Oman on shipping through the Strait of Hormuz.