XRP's Price Continues Downward Trend Amid US-Iran War Tensions

XRP has been experiencing downward pressure for two consecutive days, reflecting risk-off sentiment that permeates the broader crypto market. This downtrend is largely attributed to the ongoing US-Iran war, which has escalated tensions across the Middle East and raised concerns about global trade.

The remittance token's price currently hovers around $1.35, a far cry from its 50, 100, and 200-day Exponential Moving Averages (EMAs), which are clustered between $1.58 and $2.05. The Moving Average Convergence Divergence (MACD) indicator remains above the signal line on the daily chart, but the Relative Strength Index (RSI) is below the 50 midline.

Immediate resistance for XRP lies at $1.40, with further upside hurdles ahead, including the 50-day EMA at $1.59. A clear break below the current spot area near $1.27 would expose XRP to its February low at $1.12.