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Why is XRP price down today?
XRP’s price is down today, mirroring trends elsewhere in the cryptocurrency market as investors de-risk after Federal Reserve Chairman Jerome Powell’s hawkish statements at Jackson Hole.
On Aug. 25, the XRP (XRP) price dropped 1.25% to $0.507, slightly underperforming the crypto market, whose capitalization fell 1% in the same period. This coincided with the (DXY) rising to a two-month high, suggesting investors are increasingly seeking safety.
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