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Why XRP (Ripple) Is Sinking Today

TheMotleyFool

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Why XRP (Ripple) Is Sinking Today: https://g.foolcdn.com/editorial/images/830772/person-concerned-3.jpg

Since the late afternoon last Friday, the price of XRP (CRYPTO: XRP) had fallen roughly 4.2% as of 10:46 a.m. ET today. There is no obvious reason behind the move, but the entire sector has been struggling, due to Bitcoin's decline.

Federal Reserve Chair Jerome Powell's speech last Friday in Jackson Hole sent the market surging because Powell hinted that the Fed is open to adjusting its policy stance, and investors believe this means the Fed will cut interest rates at its September meeting.

Image source: Getty Images.

Source Fool.com

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