XRP Price Drops 5% After Hawkish Fed Warning

XRP dropped 5% to around $1.38 on Friday after Federal Reserve Chair Kevin Warsh delivered a hawkish inflation message at his first Jackson Hole speech, raising concerns about elevated U.S. interest rates. The cryptocurrency had earlier traded as high as $1.47 before reversing course as investors reassessed Fed policy outlook, according to CoinGecko data.