Ripple’s XRP has successfully defended the $1.02 support level following the heavy selling pressure on Wednesday. The current market conditions are driven by escalating geopolitical tensions and growing concerns over US monetary policy. XRP has slightly recovered to $1.09. The weakness comes as investors reduce exposure to risk assets amid renewed conflict in the Middle East and increasingly hawkish interest-rate expectations. Renewed US-Iran conflict weighs on investor sentiment Risk appetite weakened this week after tensions between the United States and Iran escalated once again. According to reports, the US military launched a fresh wave of strikes against Iran in response to attacks on commercial vessels in the Strait of Hormuz.
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