The cryptocurrency market is sending conflicting signals on XRP, with technical indicators pointing to short term weakness even as longer term forecasts remain cautiously optimistic.

U.S. job growth slowed slightly in May but still outpaced expectations, signaling resilience in the labor market amid growing economic concerns.

Asian stocks followed the decline in US equities as ongoing changes in US President Donald Trump’s stance on tariffs heightened market uncertainty and dampened confidence in the global economic outlook.

Chip stocks experienced a widespread decline on Thursday after comments from a supplier to Nvidia (NVDA) signaled uncertainty about semiconductor demand for 2025.