Ripple Price Tumbles as Fed Hawkishness and De-risking Weigh on Market

The price of Ripple (XRP) has been under pressure as it trades near $1.17, below the pivotal level of $1.20.

Analysts warn that if XRP falls below $1.08, it could extend its drop and potentially hit June lows at $1.05.

The Fed's hawkish stance has weighed on the crypto market, with the possibility of a rate hike in 2026 back on the table.

Crypto investors have de-risked, trimming recent gains driven by improving sentiment following the US and Iran's peace agreement announcement.