Ripple (XRP) faces increasing downside pressure as it trades slightly above $2.00 at the time of writing on Monday. The sell-off over the weekend followed United States (US) strikes on Iran on Saturday, triggering massive liquidations.
Geopolitical tensions in the Middle East caused a liquidation havoc of over $1 billion in the cryptocurrency market over the weekend, following United States (US) President Donald Trump’s direct involvement in the conflict between Israel and Iran.
Bitcoin (BTC) price edges below $105,000 at the time of writing on Friday, extending the consecutive two-day drop this week. The largest cryptocurrency by market capitalization enters a cautious stance as tensions between Israel and Iran weigh on global risk sentiment.