XRP Traders Turn Bearish as Inflation Data Approaches

XRP has slipped to its lowest price point in seven days. The asset currently trades at 1.38 dollars, reflecting growing caution among market participants as the September 11 release of US consumer price index data draws near.

Market data shows a noticeable rise in short positions. Many traders appear to be betting against a near term rally, expecting the upcoming inflation figures to trigger additional volatility or further price declines across the crypto sector.

This trend highlights the sensitivity of digital assets to macroeconomic updates. Investors are watching closely to see if the inflation data provides the clarity markets need or if it will spark another round of selling pressure for XRP.