Expert Warns of Impending Sell-Off in Digital Assets Amid Escalating Tensions

A market expert has issued a warning about the potential impact of escalating tensions between Iran, the US, and Israel on digital assets. According to the analyst, the targeting of oil tankers in the Strait of Hormuz will lead to higher oil prices and increased risk aversion, causing institutions to cut their crypto exposure and leading to a near-term sell-off.

The expert believes that XRP, HBAR, and other cryptocurrencies are at risk due to the potential for institutional investors to reduce their holdings. The analyst points out that while retail traders have held up well over the weekend, large institutions have been inactive and typically sell indiscriminately during periods of high geopolitical risk.

The expert's forecast includes a possible dip in XRP below $1.12 per coin, with a potential bottom around $1 per coin. However, it is worth noting that the analyst remains bullish on XRP's long-term prospects but is positioning for a short-term decline driven by macro and geopolitical risk.