XRP Price Remains Trapped in Consolidation Range as Market Uncertainty Persists

The cryptocurrency market continues to face uncertainty with various opposing forces influencing the sector.

Recent tensions between the US and Iran have increased concerns about global inflation and economic slowdown, pushing investors toward traditional safe-haven assets such as gold and precious metals. However, risk sentiment has partially improved after US President Donald Trump hinted that the military operation may soon wind down.

The International Energy Agency (IEA) is considering releasing strategic oil reserves exceeding 182 million barrels to stabilize energy prices and reduce inflation risks. Weaker US labor market data has also revived expectations that the Federal Reserve may adopt a more accommodative policy stance, which could put pressure on the US dollar and provide some support for cryptocurrencies.