Ripple's XRP Struggles Below $1.00 Amid Middle East Tensions

XRP has fallen below $1.00, as investors weigh escalating tensions in the Middle East.

The remittance token has remained in a bearish trend for most of this year and is likely to continue its downward trajectory unless a sustained recovery ensues.

Ripple announced on Monday that it has entered into a strategic partnership with Jeonbuk Bank to expand cross-border payments in Korea, building on its broader push in the region.

The collaboration aims to bring transaction settlement time to near-instant, boosting businesses that rely on intermediary banks via the SWIFT system.