XRP has fallen 7.1% over the past seven days, sliding harder than Bitcoin, Ethereum or BNB as traders price in a Fed rate hike. The selloff tracks a hotter inflation print and rising oil prices, and it will likely ease only once the Fed announces its decision on September 16.
The token trades at $1.35 as of September 12, 2026, down 6.2% from $1.44 on September 9 and 10.0% off its late-August peak above $1.50. It now sits 0.4% below its 200-day moving average at $1.355, with a market capitalization of $84.65 billion.
XRP fell harder than Bitcoin, Ethereum and BNB
XRP is down 3.1% over 24 hours and 7.1% over seven days, while Bitcoin fell 1.3% and 5.2%, Ethereum slipped 0.1% and 1.8%, and BNB dropped 1.0% and 1.3% over the same periods. That makes XRP's weekly fall 3.9 times Ethereum's.
Yet over 30 days the ranking flips: XRP is up 32.2%, ahead of Ethereum's 30.2%, Bitcoin's 20.9% and BNB's 16.4%. The same high-beta quality that made XRP the biggest weekly loser also made it the biggest monthly gainer.
Inflation and oil are driving the rate hike bet
The September 10 PPI showed wholesale inflation at 5.4% year on year, and XRP fell 4.9% as Polymarket's September hike odds moved from 62% to 70%. The next day's CPI printed core inflation at 0.3% month over month against 0.2% expected, pushing hike odds to 83% for September 16.
Brent crude reached $107 a barrel after US strikes on Iran resumed on September 2 and Iran's oil exports fell to zero. Higher oil feeds gasoline, freight and food costs, which feed the inflation prints behind the Fed repricing.
Institutions are sidelined until the Fed decides
Its funding rate hit -0.0094%, the most negative reading since June 28, 2026, according to CoinGlass, meaning short sellers are paying long holders to keep positions open. XRP ETF inflows fell from $12.29 million on Tuesday to $5.14 million on Wednesday and then to zero on September 11, while US spot Bitcoin ETFs booked four straight outflow days through the same date.
Meanwhile, XRP's daily Bollinger Bands had compressed into a narrow horizontal line as of September 12, and the last time it went this quiet, the token drifted sideways for 236 days before its August 31 breakout.
Support runs to $1.33, then $1.30 near the 20-day EMA at $1.3055, then $1.23. Resistance sits at $1.40 to $1.41, then $1.47 to $1.52, and the Fed announces its decision at 2 p.m. Eastern on September 16.
Source: 24/7 Wall St. (via Yahoo Finance)
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