3 weeks ago
15
Key takeaways
- XRP slipped below $1.50 as renewed Middle East tensions weakened broader crypto sentiment.
- XRP investment products saw nearly $40 million in inflows last week, while futures open interest climbed to $2.87 billion.
XRP tests key $1.45 support despite strong ETF and futures inflows
Ripple’s XRP retreated from highs near $1.50 and hovered around $1.46 on Monday as renewed geopolitical tensions in the Middle East pressured broader crypto markets and cooled recent bullish momentum.
The pullback followed comments from US President Donald Trump, who reportedly rejected Iran’s latest proposal aimed at ending the ongoing conflict in the region, calling the offer “totally unacceptable.”
The proposal included conditions tied to Iran’s sovereignty over the Strait of Hormuz alongside demands for compensation related to war damages.
Iranian Foreign Ministry spokesperson Esmail Baghaei defended the proposal, describing it as “reasonable” and “generous” for both Iran’s national interests and regional stability.
The renewed uncertain...
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