WHY XRP IS GAINING


XRP's valuation is gaining today as investors weigh macroeconomic and geopolitical risks stemming from the war with Iran. President Donald Trump announced yesterday that the U.S. would be making moves to stop ships from moving through the Strait of Hormuz, but investors are seeing a silver lining in what otherwise be a bearish development.


Valuations for cryptocurrencies and stocks are broadly heading higher today despite news that the U.S. is taking steps to limit ship transit through the Strait of Hormuz. While valuations had initially been heading lower following the news, prices for stocks and cryptocurrencies began moving higher in response to comments from President Trump suggesting that Iran had contacted U.S. officials to resume negotiations that could end the war.

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