Ripple’s XRP token noticed fairly a surge late final month, climbing to $1.66 on August 22, 2026. Nonetheless, the rally fell quick and XRP is at present going through a worth dip. CoinGecko knowledge exhibits that XRP’s worth has fallen by practically 6% within the final week. Regardless of the worth correction, the asset remains to be up by greater than 35% within the 14-day charts and 26.3% over the earlier month. Let’s talk about if the most recent worth dip will pull the favored cryptocurrency any additional.
Will XRP’s Worth Proceed To Dip Additional?
XRP’s rally in late August got here after Bitcoin (BTC) reclaimed the $80,000 worth degree after months of wrestle. BTC’s rally was fueled by a number of components. Firstly, President Donald Trump’s cryptocurrency occasion on the White Home led to a considerable surge in investor confidence. Trump acknowledged that the US plans on shopping for a considerable amount of Bitcoin (BTC) and different cryptocurrencies.
XRP rally was additional propelled by the US Treasury’s choice to extend bond purchase backs. The transfer led to a spike in liquidity, which trickled into the cryptocurrency market.
Nonetheless, the upswing appears unsustainable proper now. XRP and the bigger cryptocurrency market appear to have slowed down. Federal Reserve Chair Kevin Warsh’s hawkish speech on the Jackson Gap occasion could have led to elevated investor fear. Warsh emphasised on rising inflation and hinted at a possible rate of interest hike. Greater charges may result in capital flowing out of the cryptocurrency market. XRP may take one other hit if charges are raised additional.
Moreover, the liquidity from the US Treasury’s bond purchase backs must move again into its coffers. XRP may take one other hit when that occurs. We may probably see XRP fall under the $1 mark as soon as once more if each developments come to fruition.
