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XRP’s bearish outlook deepens as US-Iran war weighs on sentiment
Ripple (XRP) remains under pressure, trading around $1.35 at the time of writing on Monday. The remittance token extended its down leg to $1.27 on Saturday after the United States (US), in collaboration with Israel, launched attacks on Iran, killing the nation’s Supreme Leader, Ali Khamenei. Although knee-jerk recovery pushed XRP to $1.43 on Sunday, the overall outlook leans bearishly as Iran escalates the war, striking several Middle East nations, including Iraq, Kuwait, Qatar, Saudi Arabia, Oman, Jordan and Bahrain, among others. Risk sentiment is largely on the back foot, with investors on edge amid the ... (full story)
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