XRP fell 6.23% in 24 hours to about $1.38, the steepest decline among the top 10 cryptocurrencies by market capitalization. The retreat followed a surge from around $1 on Aug. 18 to $1.69 within four days, briefly approaching the $1.70 psychological threshold. The pullback was mainly driven by leveraged liquidations (forced position closures), rather than an apparent outflow of institutional capital: XRP-related ETFs recorded net inflows for nine consecutive days. XRP is still up 35.55% over the past week, trailing only Hyperliquid's 38.65% gain. Bitcoin's retreat to about $78,000 after breaking above $80,000 on Tuesday also pressured altcoins. Traders are awaiting the core PCE inflation data and Nvidia's earnings tonight, while XRP's ability to hold $1.40 may determine whether the move develops into a healthy correction or a deeper decline.