XRP traded near $1.37 on September 1, as rising Treasury yields sapped demand for riskier assets. The token drew inflows from strong spots in the ETF sector, but that buying wasn't enough to offset the broader market pullback. Bitcoin hovered in the $77,000 range, while Ethereum held above $2,400.
The yield squeeze
Higher Treasury yields have been pulling capital out of speculative corners of the market. For crypto, that means less appetite for tokens like XRP, which tend to move with risk sentiment. The move lower came as investors rotated toward safer fixed-income returns.
ETF inflows fall short
XRP saw inflows from strong spots in the ETF sector, according to the data. But those inflows were insufficient to counter the macro headwind. The token's price action suggests the ETF demand is real, just not large enough to move the needle when yields are climbing.
Bitcoin and Ethereum hold the line
Bitcoin stayed in the $77,000 range, a level it has held for some time. Ethereum remained above $2,400. Both assets are showing more resilience than XRP, though they're not immune to the same yield pressure.
The near-term direction for XRP likely hinges on whether Treasury yields keep climbing. If they do, the ETF inflows may continue to be overshadowed. If they ease, the token could find firmer footing.
