"XRP dropped to $1.36 on March 22 after Trump threatened to obliterate Iran's power plants, then climbed back to $1.46 within hours of Trump calling off the strikes on March 23."
"The threat landed on a Saturday night when stock, bond, and commodity markets were all closed, leaving crypto as the only liquid market to absorb the selling."
"Brent crude surged past $112 a barrel on the threat, and Iran responded by warning it would strike all U.S.-linked energy infrastructure across the region if its power grid was targeted."
XRP's price experienced a significant drop to $1.36 on March 22 following a threat from Trump regarding Iran's power plants. The price rebounded to $1.46 after Trump called off the strikes. This volatility has been ongoing since the Iran war began, with each escalation or de-escalation causing sharp price movements. The threat of military action led to a $55 billion drop in the total crypto market cap, with Bitcoin also experiencing a decline. The situation illustrates the impact of geopolitical events on cryptocurrency prices.
Read at 24/7 Wall St.
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