XRP fell roughly 4.3% in the 24 hours leading up to 2:11 p.m. ET on Sept. 10, 2026, as rising inflation indicators and elevated bond yields pressured riskier assets. The decline occurred without specific news regarding the cryptocurrency itself, instead reflecting a broader market sell-off triggered by economic data.
The drop followed a Sept. 10, 2026, report showing the producer price index (PPI) rose 5.4% year over year, indicating that wholesale prices increased significantly. This inflation data coincided with oil prices reaching their highest levels in months due to renewed conflict in the Iran war. Brent crude, an international oil benchmark, hit $107 per barrel during this period.
Market expectations for a Federal Reserve interest rate hike surged to 70%, up from 62%, according to data from FedWatch. The increase in the probability of a rate hike acted as a negative catalyst for assets like XRP. When interest rates rise, investors often shift capital away from riskier investments and into safer assets such as bonds.
Equity markets mirrored the weakness in cryptocurrencies on the same day. Both the S&P 500 and the Nasdaq Composite declined by 0.6%. The source noted that the lack of XRP-specific news suggests the price movement was driven primarily by macroeconomic factors rather than issues within the XRP ecosystem.
The article, originally published by The Motley Fool and attributed to Johnny Rice, expressed doubt about the long-term outlook for XRP. The author suggested that if oil prices do not decrease, additional rate hikes could follow, which might sustain downward pressure on the asset. Rice stated he has no position in any stocks mentioned, while The Motley Fool disclosed it has positions in and recommends XRP.