XRP fell roughly 5% in 24 hours to around $1.38 after Federal Reserve Chair Kevin Warsh delivered a hawkish inflation message during his first Jackson Hole speech. The token had traded as high as $1.47 before reversing lower, while market participants priced in the possibility of another interest-rate hike. Warsh said inflation remains above the Fed’s 2% target and noted that 54% of PCE inflation components had increased more than 3% over the past 12 months. The prospect of higher rates weighed on risk assets, including cryptocurrencies, though XRP remained up roughly 39% over the past month. Traders are likely to focus on the Federal Reserve’s September meeting for signs of a policy change.