XRPI is trading 3.32% down at $6.99 as hotter-than-expected U.S. inflation revived expectations of tighter Fed policy.
- No clear XRPI-specific announcement surfaced; the move appears tied to macro and market sentiment rather than a confirmed fund-specific catalyst.
- XRP-related market coverage has also linked recent weakness to inflation data and rate-hike concerns. Broader markets, including the Nasdaq, are lower, adding to the risk-off backdrop.