XRP Struggles to Maintain Above $1 Amid Inflation and US Policy Uncertainty

XRP's price has struggled to maintain above $1 in recent months as inflation and US monetary policy uncertainty weigh on its value.

The cryptocurrency last traded above $2 in January, marking a record high after a bullish year, but the momentum reversed in recent months.

A temporary rally in late August was driven by a cryptocurrency event hosted by President Donald Trump at the White House and an expansion of the US Treasury's bond buyback program, increasing market liquidity.

However, analysts warn that the rebound was short-lived due to changing economic signals and uncertainties over US monetary policy, including rising inflation and potential interest rate increases.