Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.
Thecryptomarket is closing out the week on a constructive note, with Bitcoin adding as much as 1.1% since midnight UTC to $65,760 as the broader market held its ground despite a macro backdrop that should be applying far more pressure.
Bitcoin (BTC) is edging higher on Friday, albeit gradually, after reclaiming support above $65,000. Meanwhile, Ethereum (ETH) shows signs of stability near the immediate $1,900 hurdle, backed by mild capital inflows.Ripple(XRP), on the other hand, holds above the pivotal $1.10, with its upside structurally constrained below $1.15.
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