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XRP Price Declines Amid Macro Anxiety and Rising Treasury Yields

Guavy AI Editorial Team
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XRP
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XRP price declined by 1.27% to $1.52 on Monday due to macro anxiety over Middle East tensions and rising Treasury yields.

The drop was part of a broader market pullback, with total crypto market cap declining by 1.44%. The primary driver of the decline was President Trump's rejection of Iran's proposal to reopen the Strait of Hormuz, which raised oil prices and inflation fears.

XRP trading volume increased by 54% over 24 hours, but liquidations in XRP totaled $16.05 million, with longs making up the majority. This indicates forced selling from over-leveraged positions.

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