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XRP price drops as traders increase short positions ahead of US inflation data release.

Market News
10 Sep 2026
Coingape
View Source
Bearish
XRP price drops as traders increase short positions ahead of US inflation data release.

XRP's price fell to $1.38, its lowest in a week, as traders opened more short positions anticipating a rise in US inflation data expected on September 11. The funding rate for XRP dropped to multi-month lows, indicating bearish market sentiment. Despite price weakness, institutional inflows into XRP ETFs continue, suggesting confidence in the asset's long-term potential. If XRP falls below the $1.38 support, it could test $1.33, but easing inflation pressures might push it back up to resistance near $1.46-$1.47.

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