XRP rebounds as retail demand grows, but ETF outflows weigh on sentiment
Ripple (XRP) is gaining momentum, trading above $1.42 at the time of writing this on Friday. The rise of the remittance token from its daily open of $1.38 reflects broader increases in cryptocurrency prices, with Bitcoin (ETH) holding above $72,200 and Ethereum (ETH) above $2,100. Cryptocurrency prices are generally recovering despite the escalation of the war between the United States (U.S.) and Iran. Bitcoin (BTC) has risen to trade above $72,000 at the time of writing this on Friday, reflecting improved sentiment for the cryptocurrency asset class. Altcoins, including Ethereum (ETH) and Ripple (XRP), are showing signs of extending their recovery, with ETH around $2,100 and XRP above $1.42. Bitcoin remains above $71,000, challenging the rise of the Dollar, Oil, and U.S. bond yields.
Bitcoin rose above $71,500 on Friday, outperforming U.S. stocks even as the dollar strengthened and oil prices remained high while the war with Iran was about to enter its third week.#CryptoPatience $BTC
