Ripple (XRP) edges higher at the time of writing on Thursday, trading above $1.12. The cross-border remittance token seeks to erase a persistent downtrend that has weighed on the price since mid-May, as investors navigated geopolitical tensions in the Middle East.

Bitcoin (BTC) recovers slightly, trading above $62,500 at the time of writing on Thursday after three consecutive days of losses earlier this week. Despite the rebound, market sentiment remains fragile, as US-listed spot Bitcoin Exchange-Traded Funds (ETFs) recorded net outflows of $213.85 million on Wednesday, indicating persistent institutional withdrawals amid renewed US-Iran tensions. Market participants are now turning their attention to the US Producer Price Index (PPI)…