XRP Price Drops 5% After Hawkish Fed Warning

XRP faced renewed selling pressure on Friday after Federal Reserve Chair Kevin Warsh delivered a hawkish message on inflation during his first Jackson Hole speech, raising concerns that U.S. interest rates could remain elevated or even move higher. The Ripple-linked cryptocurrency fell to around $1.38, marking a decline of roughly 5% over the previous 24 hours, according to CoinGecko data. XRP had earlier traded as high as $1.47 before reversing course as investors reacted to Warshs comments and reassessed the outlook for Federal Reserve monetary policy. Warsh reaffirmed the central banks…  

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