XRP Slips 5% Amid Fed Inflation Concerns

XRP's price fell by about 5% to $1.38 following Federal Reserve Chair Kevin Warsh's comments at Jackson Hole, where he highlighted that 54% of inflation components rose over 3% in the past year.

This sparked speculation of a possible rate hike at the September Fed meeting, leading to a swift market reaction.

Despite the decline, XRP remains up 39% over the past month, suggesting it's a pullback rather than a collapse.