Ripple Price Plunges Below $1.40 Amid Market Volatility

Ripple's price has taken a hit, falling below the crucial threshold of $1.40 as the broader crypto market grapples with renewed volatility.

The remittance token is under significant pressure from sell-side forces, making it challenging to maintain key support levels amidst growing risk-off sentiment.

Despite the ongoing US-Iran ceasefire, concerns about the Strait of Hormuz remaining shut have kept investors on edge. The Crypto Fear & Greed Index has also declined, further exacerbating the bearish sentiment.