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XRP Holds Steady Near $1.38 Amid Rising Treasury Yields and Rate Hike Expectations

Guavy AI Editorial Team
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XRP
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XRP's price held steady near $1.38 despite rising US Treasury yields and expectations of a Federal Reserve rate hike in September.

According to recent data, institutional demand for XRP remains strong, with record weekly inflows into XRP ETFs. However, the token fell about 6.8% over the past week due to pressure from a stronger dollar and inflation concerns driven by rising oil prices and geopolitical tensions.

The upcoming Fed meeting in mid-September is a key event that could influence XRP's price resilience amid macroeconomic tightening. Holding support near $1.35 will be critical for XRP to show strength against broader market headwinds.

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