XRP Retreats After Strong Weekly Rally as Market Focus Shifts to Jackson Hole

XRP was among the leading altcoin performers in the prior week before pulling back as broader market momentum slowed. The consolidation came alongside Bitcoin holding near $77,000 following what was described as its second-best weekly performance since early 2021.

The rally across crypto assets was attributed to a combination of macro factors: Treasury buyback activity, renewed ETF inflows into crypto products, and a weakening U.S. dollar. These conditions provided a supportive backdrop for risk assets broadly, with XRP participating in the move before giving back some gains.

Market attention then shifted to the Jackson Hole Symposium, where Federal Reserve Chair Warsh was set to make his debut appearance. Traders were watching closely for any signals on monetary policy direction, given the sensitivity of crypto and other risk assets to interest rate expectations.

U.S. PCE inflation data was also on the economic calendar for the week ahead, adding another potential volatility trigger. The combination of a key Fed speech and a major inflation print created a cautious tone among participants after the prior week's strong moves.

For XRP holders, the near-term price direction remained tied to macro conditions and broader crypto sentiment, with no specific XRP-side catalyst identified as the primary driver of either the rally or the subsequent pullback.