XRP Slips to $1.30 as CPI Heats Up, and Evernorth XRPN Drops 7.4%
XRP price today is $1.3083, down 4.7% in 24 hours. The token is now about 23% below its recent high of $1.70.
Hotter inflation numbers are the main reason traders feel nervous. Let's look at what happened and where the price could go next.
What Is the XRP Price Today and Why Is It Down?
The drop followed a stronger inflation report from the U.S. The numbers raised fears that the Federal Reserve may not be done raising rates.
Market cap sits at $82.13 billion, with 63.12 billion tokens in circulation. Spot volume over 24 hours is $724.71 million.
What Did the September CPI Data Show?
The September CPI rose 0.6% from the month before. That is up from 0.4% in August, and it matched forecasts.
The yearly number was the problem. CPI rose 3.7% versus 3.4% in August, and economists expected 3.6%.
Core CPI, which removes food and energy, rose 0.3% in September. Forecasts called for 0.2%. Yearly core CPI hit 2.6%, up from 2.4%, and above the 2.5% estimate.
Before the report, several Fed speakers had hinted at one more 25 basis point hike before year-end.
Will the Fed Raise Rates on October 28, 2026?
Traders still lean toward a pause at the October 28 meeting. But the odds are moving.
Outcome (Oct 28 FOMC) | Now | 1 Day Ago | 1 Week Ago | 1 Month Ago |
Hold at 3.75% to 4.00% | 70.7% | 77.9% | 82.3% | 53.0% |
Hike to 4.00% to 4.25% | 29.3% | 22.1% | 17.7% | 43.5% |
Cut to 3.50% to 3.75% | 0.0% | 0.0% | 0.0% | 3.5% |
A hike chance of 29.3% is higher than a week ago. Tighter policy can weigh on the dollar, bonds, stocks, and crypto.
XRP News Today: What Do Futures Data Show?
Trading activity jumped, but fewer people are holding open bets. That usually points to closing positions rather than fresh buying.
Futures Metric (24h) | Value |
Futures volume | $3.45 billion (+33.85%) |
Open interest | $2.87 billion (-4.47%) |
Long/short ratio | 0.915 |
Total liquidations | $14.03 million |
Long liquidations | $13.51 million |
Short liquidations | $516.09K |
The overall ratio of 0.915 shows a slight edge for shorts. Still, Binance and OKX account ratios lean long, at 2.7523 and 3.66.
Options are also busier. Options volume rose 163.30% to $6.73 million, and options open interest is up 4.05% to $66.70 million.
Long traders took most of the pain. That fits a market where the price fell, and bulls got caught.
XRP Price Forecast: How Low Can XRP Go?
On the hourly chart, the price looks to be moving inside a parallel channel. Analyst Ali Charts says a drop toward the lower line near $1.25 is possible before any real bounce.
Level | Price | What It Means |
Channel low | $1.25 | Possible buy zone for some traders |
Resistance range | $1.39 to $1.44 | Price has struggled to pass this area |
Channel mid | $1.42 | First target after a bounce |
Channel top | $1.60 | Upper target if buyers take control |
Another chart view shows RSI at 35. Price also sits below all three moving averages, which is a weak sign.
That does not mean a rebound cannot happen. It only means buyers have not shown up yet.
What Is Evernorth XRPN and Why Did It Fall 7.4%?
Evernorth Holdings (XRPN) recently rang the Nasdaq bell. The stock closed at $15.26, down 7.4%, after a previous close of $16.48.
Its day range was $14.00 to $15.79. The 52-week range runs from $10.10 to $53.00.
Volume hit 1.69 million shares, well above the 667,479 average. Market cap is about $482 million.
Chart watchers say XRPN lost the $17 support. The next levels to watch are $14.90 and $12.87.
XRP Latest News: Are XRP ETFs Still Seeing Inflows?
Yes, but the pace is small. US spot funds saw $740.41K in net inflows as of October 14. Total inflows now stand at $1.80 billion.
Total net assets are about $1.51 billion, or 1.80% of market cap. Value traded was $24.90 million.
Fund | Ticker | Net Assets | Cumulative Inflow | Daily Change |
Bitwise | XRP | $557.68M | $688.48M | -3.59% |
Franklin | XRPZ | $396.59M | $509.15M | -3.49% |
Canary | XRPC | $325.47M | $486.81M | -3.55% |
21Shares | TOXR | $142.33M | -$21.15M | -3.34% |
Grayscale | GXRP | $86.71M | $145.38M | -3.39% |
Only Bitwise saw inflows on the day. Every fund price still fell about 3.3% to 3.6%.
XRP Price Prediction: Will XRP Recover or Fall Further?
The short-term picture looks weak. Inflation is sticky, rate hike odds are rising, and long traders are getting flushed out.
A dip toward $1.25 would fit the channel view. If that level holds, a move to $1.42 or $1.60 is possible. If it breaks, the price may slide further.
The Fed meeting on October 28 is the next big event. No one knows how it will go, so caution makes sense.
Disclaimer
This article is for information only and is not financial, investment, or trading advice. Crypto prices are very volatile, and you can lose some or all of your money. Price levels and forecasts here are not guaranteed. Do your own research and speak with a licensed financial advisor before you invest.
