Federal Reserve Chair Kevin Warsh took the stage at Jackson Hole on August 29. Within hours, stocks, metals, and crypto had shed nearly $2 trillion in combined value. XRP was no exception, falling sharply from $1.42 to $1.36.
Crypto analyst Ash Crypto (@AshCrypto) documented the damage, breaking down exactly how the selloff unfolded.
Warsh’s Warning
Warsh called inflation concerning. Markets had been pricing in rate stability. Instead, they got a signal that the Fed remains willing to act. September rate hike odds jumped from 34% to 61.7% within hours of the speech. The US 2-year bond yield hit a one-month high. Risk assets sold off hard across every major category.
🚨Nearly $2 TRILLION wiped out from stocks, metals and crypto in just 2.5 hours.
Here's why:
1. Fed Chair Kevin Warsh called inflation "concerning" at Jackson Hole.
2. September rate hike odds jumped from 34% to 61.7% within hours.
3. US 2Y bond yield hit a 1 month high. pic.twitter.com/xWWBhblBMO— Ash Crypto (@AshCrypto) August 28, 2026
Reading the Chart
Ash Crypto’s four-panel chart tells the story clearly. Bitcoin dropped sharply from above $79,000 to near $76,800 during the session. The S&P 500 peaked around 7,770 before falling to approximately 7,710. Gold, shown on a 15-minute chart, fell from around $4,620/oz to below $4,470/oz.
Silver followed, dropping from near $71/oz to the $66 range. Each chart shows the same pattern: a clean decline beginning at roughly the same time, confirming the selloff was macro-driven rather than asset-specific.
XRP Takes the Hit
XRP entered the session at $1.4227. Top XRP traders on Hyperliquid had already turned bearish ahead of the move. By the afternoon, it fell to $1.36 before stabilizing near $1.38, representing a 4% decline. The chart shows the drop was sharp and concentrated.
This decline generated concerns among market participants already upset that the asset retraced some of its gains from the price surge last week. A brief recovery attempt failed to hold. The move aligned with broader crypto weakness, as rising rate expectations reduce appetite for risk assets across all sectors.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
What Comes Next?
Higher interest rates make speculative assets less attractive. When yields on bonds rise, capital tends to rotate toward safer, income-generating instruments. Utility is a primary driver of XRP’s price, but in a rate-hike environment, even utility-backed assets face selling pressure as risk appetite contracts across the board.
The September Fed meeting now carries more weight. If rate hikes rise, risk assets including crypto may face additional pressure. Analysts had previously identified key support levels that XRP would need to hold to sustain any recovery. XRP’s recovery attempt near $1.38 suggests buyers stepped in, but the macro environment remains uncertain.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on X, Facebook, Telegram, and Google News
