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XRP Extends Decline Amid Ongoing Geopolitical Tensions

Guavy AI Editorial Team
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XRP
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XRP has extended its decline to $1.34 as profit-taking and deteriorating risk sentiment weigh on the token, following an 11-day streak of inflows into spot exchange-traded funds (ETFs).

The token's price has pulled back from its 72% rally in August that lifted it from $1.00 to $1.70.

Despite this correction, continued ETF inflows and a slight increase in futures activity suggest underlying demand for XRP has not disappeared.

Renewed geopolitical tensions between the US and Iran are creating headwinds for XRP and the broader cryptocurrency market, with investors assessing the market impact of strikes involving the two countries.

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