- Peace negotiations between the United States and Iran face obstacles:

The U.S. military launched strikes on southern Iran around the Strait of Hormuz on Monday, describing the attacks as "self-defense," aimed at protecting forces from threats posed by Iranian forces.

U.S. Central Command spokesperson Captain Tim Hawkins said in a statement that the strikes were intended to "defend our forces while exercising restraint during the ongoing ceasefire."

Meanwhile, the Iranian Islamic Revolutionary Guard Corps stated in a Tuesday statement that the country has a "legitimate and confirmed" right to defend itself against violations of the American ceasefire.

The attacks occurred ahead of scheduled talks between Iranian negotiators, Foreign Minister Abbas Araghchi and Qatar’s Prime Minister, in Doha on Tuesday to finalize the memorandum of understanding between the United States and Iran.

Despite the strikes, U.S. Secretary of State Marco Rubio told reporters during his visit to India that a peace agreement remains possible, according to a report by the British Broadcasting Corporation (BBC).

Rubio said, "We will see if we can make progress. I believe it requires a lot of back-and-forth discussion on specific language in the initial document, so it will take a few days."

- Decline in retail demand for XRP:
Interest in high-risk assets, including XRP, has decreased as hopes for a quick peace agreement between the United States and Iran fade. CoinGlass data indicates that the average open trading volume for futures contracts reached $2.85 billion on Tuesday, a slight increase from $2.83 billion the previous day.

Daily trading information for XRP futures | Source: CoinGlass
Open trading volume remains relatively low after a slight rise above $3 billion in mid-May and a record level of $10.94 billion in July. This suggests that investors are uncertain about short-term positive prospects for XRP and are reluctant to open new positions, making the currency vulnerable to overall cryptocurrency market fluctuations.
$XRP