XRP is plummeting due to broader market drop and concerns about elevated interest rates.

From Yahoo Finance: 2025-03-28 13:56:00

XRP is trading lower, down 6.8% due to a broader market drop, with the S&P 500 and Nasdaq Composite falling 1.9% and 2.6%, respectively. The core PCE price index rose by 0.4% in February, exceeding expectations, leading to a 2.8% 12-month inflation rate, higher than the projected 2.7%. The Federal Reserve may pause rate reductions due to these higher-than-expected numbers. XRP’s price could be affected negatively as the Fed keeps interest rates elevated, prompting investors to avoid higher-risk assets. Despite XRP’s real-world value, its current market capitalization of $125 billion raises concerns.



Read more at Yahoo Finance: Why XRP (Ripple) Is Plummeting Today