XRP is trading at $15.71, down 3.68%, with the decline appearing primarily driven by profit-taking and overheated derivatives positioning after XRP’s exceptionally strong multi-session rally.
- Spot XRP ETFs recorded $23.87 million in net inflows on August 25, suggesting demand has not weakened.
- Investors are reducing risk ahead of Federal Reserve Chair Kevin Warsh’s Jackson Hole keynote at 10:00 a.m. ET; broader equities remain nearly flat.
- The move is mainly crypto-specific consolidation, with macro-event uncertainty adding pressure.