Ripple Price Hits New Lows as Inflation Concerns Persist

The price of Ripple's XRP token has remained below $1.10 amid persistent technical weakness, according to a recent analysis by Mitrade.

This comes as two members of the Federal Reserve committee dissented in favor of a 25 basis point hike, reinforcing concerns that inflation remains restrictive enough to keep the Committee biased toward tighter policy.

The Crypto Fear & Greed Index has slipped to 25, firmly in Fear territory, down from 28 just a day earlier. Sustained risk-off sentiment may keep XRP's upside capped, further encouraging selling among investors.

Despite this, XRP spot Exchange-Traded Funds (ETFs) inflows surged to nearly $6 million on Thursday, up from a mere $585,000 the day before, with cumulative inflows standing slightly above $7 million through Thursday.