XRP Price Tumbles -2.5% to $1.36 Amid NFP Data Uncertainty

XRP's price fell -2.5% to $1.36 as of September 1, down from its August 22 peak of $1.7.

The question on trading desks is whether XRP can rebound this week, particularly with the upcoming US non-farm payrolls (NFP) data due to be released.

According to Bloomberg's Chief US Economist Anna Wong, there is a possibility of negative growth, which would significantly impact the market.

Ripple's scheduled release of 1 billion XRP from escrow today adds an extra layer of complexity to the situation.

The Federal Reserve's mid-September decision will also have a significant impact on XRP's price, with a dovish or hawkish stance likely to influence its direction.