XRP (XRP -4.12%) fell roughly 4.3% in the last 24 hours as of 2:11 p.m. ET on Sept. 10, 2026, as inflation fears and high bond yields dragged on riskier assets.
The S&P 500 and the Nasdaq Composite were both down 0.6%.
CRYPTO: XRP
Key Data Points
Wholesale inflation raised September rate-hike odds
XRP was swept up in a broader sell-off after the Sept. 10, 2026, producer price index (PPI) report showed wholesale prices rose 5.4% year over year. At the same time, oil prices have hit their highest levels in months as the Iran war sees renewed conflict. Brent crude, an international benchmark, reached $107 per barrel.
The market's expectations of a rate hike from the Federal Reserve jumped to 70%, up from 62%, according to data from FedWatch.
No Ripple-specific catalyst
There's no XRP-specific news to explain the drop, but the fairly dramatic increase in rate hike odds is a strong negative catalyst. When interest rates rise, investors tend to move out of riskier assets like XRP and into safer assets like bonds.
Image source: Getty Images.
It's not unreasonable to see this continue, and we may end up getting additional rate hikes if oil prices don't come back to earth. Regardless, I have my doubts about XRP long-term.
