"XRP is trading at $1.33247, extending its recent decline as the price presses toward the lower end of its intraday range. The asset is down 3.07% over the past 24 hours, with the session high at $1.38237 and the low at $1.32559."
"From a 4-hour chart, XRP has formed a clear sequence of lower highs and lower lows following its rejection from a higher peak near $1.466. After reaching that level, price momentum faded, leading to a gradual but persistent decline."
"Today's broader macro backdrop adds another layer of pressure and uncertainty to risk assets like XRP. Escalating tensions between the U.S. and Iran have reached a critical diplomatic juncture, with a temporary 10-day pause on potential strikes set to expire April 6."
"The situation has already triggered a severe energy supply shock, with Brent crude surging as high as $111.41 per barrel amid fears of a prolonged disruption in the Strait of Hormuz. This environment of elevated volatility and macro uncertainty continues to weigh on sentiment across crypto markets."
XRP is currently trading at $1.33247, down 3.07% in the last 24 hours. The asset has formed a pattern of lower highs and lows after a peak of $1.466. Recent trading shows XRP just above support at $1.326, with sellers dominating. Broader macroeconomic factors, including escalating U.S.-Iran tensions and rising oil prices, contribute to market uncertainty. Brent crude has surged to $111.41 per barrel, impacting global inflation and pushing equity indices into correction territory, while crypto markets remain under pressure.
Read at news.bitcoin.com
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