- XRP fell 3.8% in 24h but still sits 405% higher than Sept. 2024.
- The correction follows inflation worries ahead of the Fed’s Sept. 16–17 meeting.
- Analysts predict consolidation before a potential upswing toward $3.43.
Ripple’s XRP slid nearly 4% in the past 24 hours, just as investors brace for the Federal Reserve’s two-day meeting on Sept. 16–17. According to CoinGecko, the token is also down 4.3% over the past month. Still, the bigger picture looks bullish—XRP remains up 3.4% weekly, 8.7% over two weeks, and a massive 405% since September 2024.
Why Did XRP Pull Back Now?
The dip seems tied to renewed caution in the broader market. U.S. inflation ticked up to 2.9% in August, sparking nerves ahead of the Fed’s next policy move. While most analysts still expect a 25-basis-point rate cut, uncertainty around inflation may have triggered short-term selling pressure. With risk sentiment cooling, XRP and other major cryptos took a hit.
Broader Market Trends Add Pressure
XRP isn’t alone in this correction. Bitcoin slipped back to $114,000 after touching $116,000, while Ethereum lost 3.1% over the same period. The pullback looks like a broad market pause, with traders waiting for clarity on Fed policy before making their next big moves.
What’s Next for XRP?
Despite the drop, many analysts see room for recovery. If the Fed cuts rates as expected, liquidity could flood back into risk assets, potentially driving XRP past the $3 level again. CoinCodex forecasts show XRP consolidating short-term, with a possible rise toward $3.43 by Oct. 7. For now, patience may be the name of the game as markets line up behind the Fed’s decision.
