Ripple (XRP) shows a slight bearish trend, staying above support at $3.00 on Friday. The cross-border remittance token dropped its efforts to reach its all-time high of $3.66 earlier this week. It peaked at $3.35 on Thursday before losing some gains due to new worries about rising inflation in the United States.
Investors in risk assets like crypto are worried that stronger-than-expected Producer Price Index (PPI) data might push inflation higher. This situation could lead the Federal Reserve (Fed) to hesitate on applying the expected rate cut in September.
SOURCE: riveraglam.com
