XRP Slides 5.26% in a Week as Inflation Data Triggers Market Sell-Off and Whale Buys

• XRP drops 5.26% weekly as inflation sparks crypto sell-off.
• Whales buy 120 million XRP during sharp market correction.
• Inflation concerns dampen rate-cut hopes, fueling volatility in XRP.

XRP recorded a sharp downturn over the past week, losing 5.26 percent as investors reacted to the release of the United States’ July Producer Price Index. According to TradingView data, the XRP fell more than 10 percent intraday on Thursday, slipping from $3.35 to retest the $3 support level before rebounding slightly.

July PPI indicated an inflation rate increasing to 3.7 percent, a level that eroded the expectations of an imminent Federal Reserve rate reduction. Lower borrowing costs are often seen as a catalyst for risk assets, but the higher-than-expected inflation reading shifted sentiment, triggering heavy selling across cryptocurrencies.

Bitcoin and Ethereum also reported sudden losses after the news. Bitcoin declined by almost 6 percent after reaching an all-time high of 124,533, and Ethereum by 6.82 percent, as the market experienced panic in general.

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Whale Accumulation Amid the Drop

According to market analyst Ali on X, crypto whales accumulated 120 million XRP during the downturn. This mass purchase indicates that big investors do not lose faith in the token’s long-term prospects despite its fluctuations.

The accumulation indicates that institutional players often treat sharp market corrections as buying opportunities. Their action might support the price of XRP and even help drive a more convincing rally once the wider market conditions improve.

Inflation Concerns Shape Market Outlook

The PPI reading exceeded the 3 percent level that economists often view as sustainable, raising concerns about persistent inflationary pressures. Analysts observed that tariffs are beginning to produce inflationary effects, which is an added challenge to the Federal Reserve in moderating growth and price stability.

As of reporting, XRP was selling at 3.12, a little above the Thursday low, but down on the weekly chart. The 5.26 percent decline in the token in the past week demonstrates the continued hesitation of traders who are still sensitive to macroeconomic changes.

The fall of XRP in the last week shows the strong correlation between crypto and the United States’ economic statistics. While inflation-driven sell-offs triggered losses across primary tokens, whale accumulation provided a glimpse of resilience, keeping long-term optimism alive within the XRP community.

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The post XRP Slides 5.26% in a Week as Inflation Data Triggers Market Sell-Off and Whale Buys appeared first on 36Crypto.