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Here’s Why XRP Price Drops Below $2 Today
The price of XRP has plummeted below the crucial $2 mark, trading at $1.93 as I type this, amidst intensifying conflict in the Middle East sending shockwaves through global financial markets.
The ongoing unrest began with a confrontation between Iran and Israel but escalated dramatically over the weekend when the United States launched coordinated airstrikes on three Iranian nuclear facilities—Fordow, Natanz, and Isfahan—using stealth bombers and long-range missiles. President Donald J. Trump confirmed the strikes, dubbing them a “total success,” although the broader implications have only just started to unfold.
Iran’s response was immediate and drastic. The country’s parliament approved a resolution to shut down the Strait of Hormuz, a vital waterway through which nearly one-quarter of the world’s oil supply flows. As the situation continues to deteriorate rapidly, markets are now bracing for extreme price swings in the coming days.
In the face of these unforeseen circumstances, investors are swiftly exiting risk assets. Cryptocurrencies have been among the most severely affected.
Source: timestabloid.com
