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In a positive atmosphere
A risk-taking mentality helps XRP get out of its downward path.
Despite price volatility and geopolitical concerns, large-volume investors and institutional investors still prefer XRP.
XRP's futures remained open at $3.83 billion, indicating a decline that may negatively impact demand for the tokens.
After rebounding from last week's sell-off following Israel's attack on Iran, which heightened geopolitical tensions in the Middle East, Ripple (XRP) looks positive. The price of XRP reached $2.28 as of Monday, an increase of over 5%.
Both Bitcoin (BTC) and Ethereum (ETH) showed signs of optimism amid hopes for peace between Israel and Iran.
The price of XRP rose as risk appetite continued.
Tensions between Israel and Iran boost demand for XRP despite volatility. Major XRP buyers, holding between $1 million to $10 million worth, continued to buy XRP despite macroeconomic and geopolitical difficulties.
Santiment reported that this investor group represents 9.9% of the XRP supply, up from 9.5% on May 1 and 8.24% on January 1.
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