Ripple's cross-border token has staged an impressive recovery over the past 10-12 days, surging from just under $1.00 to a multi-month peak of $1.70.
The momentum was strong, but it has since faded with a 20% pullback to $1.40 from last Saturday's top.
The outlook worsened after Fed Chair Kevin Warsh delivered a hawkish speech at Jackson Hole on Friday, pressuring broader crypto markets.
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