XRP Price Tumbles Amid Macroeconomic Uncertainty
XRP's price continues to decline, falling below $1.33 on Friday for the third consecutive day.
The token is tracking the broader cryptocurrency market downturn, which has been affected by heightened macroeconomic uncertainty ahead of key events such as the United States Consumer Price Index (CPI) release and next week's Federal Reserve (Fed) monetary policy decision.
Crypto Finance analysts comment that 'with CPI this afternoon and the FOMC next week, the next few sessions will determine whether investors are right to challenge policymakers, or whether policymakers respond with more force than the market currently expects.'
US-listed spot Exchange-Traded Funds (ETFs) recorded inflows of approximately $5 million on Thursday, extending a bullish streak for three days.