Why is XRP down today?

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• CL=F

XRP (CRYPTO: XRP) fell roughly 4.3% in the last 24 hours as of 2:11 p.m. ET on Sept. 10, 2026, as inflation fears and high bond yields dragged on riskier assets.

The S&P 500 and the Nasdaq Composite were both down 0.6%.

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Wholesale inflation raised September rate-hike odds

XRP was swept up in a broader sell-off after the Sept. 10, 2026, producer price index (PPI) report showed wholesale prices rose 5.4% year over year. At the same time, oil prices have hit their highest levels in months as the Iran war sees renewed conflict. Brent crude, an international benchmark, reached $107 per barrel.

The market’s expectations of a rate hike from the Federal Reserve jumped to 70%, up from 62%, according to data from FedWatch.

No Ripple-specific catalyst

There’s no XRP-specific news to explain the drop, but the fairly dramatic increase in rate hike odds is a strong negative catalyst. When interest rates rise, investors tend to move out of riskier assets like XRP and into safer assets like bonds.

It’s not unreasonable to see this continue, and we may end up getting additional rate hikes if oil prices don’t come back to earth. Regardless, I have my doubts about XRP long-term.

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Johnny Ricehas no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has adisclosure policy.

Why is XRP down today? was originally published by The Motley Fool

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