Ripple (XRP) is extending gains, trading above $1.47 at the time of writing on Monday. The remittance token appears to be tapping into positive market sentiment, as cryptocurrency prices have broadly risen, shrugging off the war in the Middle East.
Ripple (XRP) is gaining momentum, trading above $1.42 at the time of writing on Friday. The remittance token’s upswing from its daily open of $1.38 mirrors broader increases in crypto prices, with Bitcoin (ETH) holding above $72,200 and Ethereum (ETH) above $2,100.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure from the escalating US-Iran war, which is driving Oil prices higher and raising concerns about higher inflation.