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XRP fell to a session low of $1.27 on Saturday morning before partially recovering to around $1.33, as a wave of risk-off selling triggered by the US-Israeli military strikes on Iran pushed the broader cryptocurrency market into its sharpest single-session decline in months. The token remained down

The cryptocurrency market shed approximately $70 billion in total capitalization in a single hour Saturday morning as news of US and Israeli strikes on Iran's nuclear facilities spread across trading desks. Total market cap fell from roughly $2.24 trillion to $2.17 trillion between 7 and 8 a.m. UTC,