XRP Price Plunges, Eyes on Jobs Data and Fed Decision

Ripple's XRP token dropped by -2.5% to $1.36 on September 1, down from its August 22 peak of $1.7 and raising questions about its potential rebound.

The Federal Reserve's mid-September decision will be a key factor in determining the direction of XRP, with some analysts predicting a soft landing and others warning of negative growth.

A weak jobs number could push Bitcoin above $83,000 and drag XRP above $1.7 on rate-cut optimism, while a break below $1.35 would open the door to $1.10 and threaten the broader uptrend structure.