XRP Sinks Below Key Support as Geopolitics Weigh on Crypto Market

Ripple (XRP) continues to feel pressure as it trades below $1.05 on Thursday, marking its fourth consecutive day of decline this week.

This comes despite a recent proposal for a multi-signature upgrade, which could potentially alleviate some concerns in the market.

However, investors remain cautious due to ongoing geopolitical tensions in the Middle East, with Iran's denial of negotiations with the United States adding to the uncertainty.

Pump.fun (PUMP), another cryptocurrency, is also experiencing downward pressure, having shed around 10% of its recent gains after a rejection below the $0.0026 supply zone on Wednesday.