XRP Price Tumbles to $1.35 as Interest-Rate Expectations Weigh

XRP price has declined to $1.35 over the past 24 hours as rising US interest-rate expectations and weak short-term momentum continue to weigh on the token.

The decline comes despite net inflows of $1.68 billion into XRP spot ETFs earlier this week, which shows that buyers are still failing to defend the $1.40 level.

The recent sell-off has been driven by higher Treasury yields and inflation expectations, with US producer prices rising 0.4% in August and energy prices remaining elevated.