XRP Tumbles Below $1.38 Amid Fed Inflation Fears
XRP plummeted to $1.38 after Fed Chairman Kevin Warsh's hawkish comments on inflation, marking a decline of 5% in the past 24 hours.
The cryptocurrency had been trading at $1.47 earlier in the day but reversed course due to concerns over a potential interest rate hike in the September meeting.
Notably, XRP has managed to maintain its gains from the past 30 days, with a roughly 39% increase during this period.