Ripple’s native token XRP is showing signs of stabilization above $1.10 on Friday after recent market weakness. However, the broader cryptocurrency sentiment remains fragile amid escalating geopolitical tensions in the Middle East. While retail traders continue increasing their exposure through the derivatives market, institutional investors remain cautious, with spot XRP exchange-traded funds (ETFs) extending their streak of net outflows. Middle East conflict weighs on crypto market sentiment Risk appetite across financial markets weakened after tensions between the United States and Iran intensified. According to reports, the US military carried out strikes on multiple targets along Iran’s coastline late Wednesday. Iran responded by launching attacks on US military installations in Kuwait and Bahrain, raising concerns over a broader regional conflict.
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