XRP Bulls Attempt Recovery Above $1.36 Amid US-Iran Tensions

Ripple's XRP token is attempting to recover above $1.36 as bulls try to regain momentum.

This comes amidst a broader market sentiment that remains shaky due to renewed tensions between the US and Iran, leading investors to adopt a cautious stance.

The US-listed XRP spot ETFs saw outflows of $7 million on Wednesday, breaking an 11-day bullish streak. However, cumulative inflows remain steady at $1.68 billion, up from $1.51 billion in early August, according to SoSoValue.

Despite the modest recovery, retail demand remains a crucial factor for XRP's short-term prospects, with perpetual futures Open Interest (OI) at 2.25 billion XRP on Thursday, down only marginally from 2.26 billion XRP the day before.