XRP price today: Ripple token slips near $2 in India as Powell probe jars markets
MUMBAI, Jan 12, 2026, 16:57 IST — The market has closed. XRP dipped on Monday, lingering just below the $2 level as traders digested new political tensions involving the U.S. Federal Reserve and braced for crucial U.S. inflation figures. (CoinMarketCap) This shift is significant since crypto markets have lately responded less to token news and more to quick shifts in rates and risk appetite. Powell’s showdown with the White House weakened the dollar and sent funds toward safe havens, forcing traders to sift through what happens next. (Reuters) Rate expectations are shifting. After the latest U.S. labor data, J.P. Morgan,