Ripple (XRP) remains pressured, trading below $1.05 at the time of writing on Thursday. The token has declined for the fourth consecutive daythis week, reflecting lethargic sentiment in the broadercryptocurrencymarket despite the possibility of easing geopolitical tensions in the Middle East.
Pump.fun (PUMP) continues to face downward pressure, trading near $0.0023 at the time of writing on Thursday. Following a rejection below the $0.0026 supply zone on Wednesday, the native token of the meme coin launchpad has shed approximately 10% of its recent gains, weighing on investor sentiment.
Thecryptocurrencymarket is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 whileRipple(XRP) trades under pressure around $1.05. This mixedoutlookcomes ahead of a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz. Still, Iran has denied negotiations with the United States (US).
About The Author
