XRP is quiet today as traders wait for the CPI data at 8:30 AM ET. The token trades near $1.36, and the total crypto market cap sits close to $2.8 trillion. Bitcoin and Ethereum are also stuc
XRP is quiet today as traders wait for the CPI data at 8:30 AM ET. The token trades near $1.36, and the total crypto market cap sits close to $2.8 trillion.
Bitcoin and Ethereum are also stuck in tight ranges. Most traders seem to be waiting for the inflation number before they act.
The altcoin is priced at $1.3635, up 0.21% on the day. Its market cap is $86.18 billion, with 63.12 billion coins in circulation out of a 100 billion max supply.
Trading is slower than usual. Futures volume is $2.59 billion, and spot volume is $432.97 million.
The US September report is the main event of the day. Headline inflation is expected to speed up on both a monthly and yearly basis.
Measure
Forecast
Previous
Headline CPI (month on month)
0.6%
0.4%
Headline CPI (year on year)
3.6%
3.4%
Core CPI (month on month)
0.2%
0.3%
Core CPI (year on year)
2.5%
2.4%
Headline numbers are expected to rise, while core inflation is only slightly higher on a yearly basis.
A hotter print could support the "higher for longer" rate story. That usually helps the US Dollar and hurts rate-sensitive assets like crypto.
A softer number could pull yields lower. That may weaken the Dollar and bring buyers back to Gold and higher-beta coins.
Here is the XRP news traders are watching before the number lands: ETF flows, sentiment, liquidations, and the daily chart.
Evernorth is set to ring the Nasdaq Closing Bell at 4:00 PM ET today. The event marks the debut of its XRPN shares.
A live broadcast will include interviews and a countdown from 2:30 PM ET. Many in the community see it as a big moment for the wider ecosystem.
Still, a bell ringing is not a price trigger on its own. Traders will likely watch the CPI reaction first.
Derivatives data points to a mixed mood. Longs have a small edge, but both sides are getting hit.
Metric
Value
Change
Futures volume (24h)
$2.60B
-32.35%
Open interest
$2.99B
-0.71%
Options volume
$3.86M
+3.32%
Options open interest
$68.07M
+3.54%
Long/short ratio (24h)
1.0239
n/a
Binance XRP/USDT accounts ratio
2.8095
n/a
OKX XRP accounts ratio
3.16
n/a
Binance top trader accounts
3.3478
n/a
Binance top trader positions
1.8742
n/a
Period
Total Liquidations
Longs
Shorts
1 hour
$28.29K
$28.04K
$244.45
4 hours
$255.68K
$97.91K
$157.77K
12 hours
$453.30K
$165.33K
$287.97K
24 hours
$1.20M
$653.86K
$543.45K
Longs lost more over 24 hours. Over the last 4 and 12 hours, shorts took the bigger hit.
The 32% drop in volume shows traders are cautious. Rising options activity hints that some are hedging ahead of the data.
The altcoin was rejected near the $1.55 to $1.60 zone. Since then, it has moved inside a descending channel, which points to steady selling pressure.
The price sits below the 20-day EMA at $1.4247, the 50-day EMA at $1.3946, and the 200-day EMA at $1.3794. It is holding near the 100-day EMA at $1.3402.
The RSI is around 41. That shows weak momentum, but the coin is not deeply oversold.
Scenario
Level
What It Means
Support
$1.34
100-day EMA, key defense zone
Next supports
$1.30, $1.25
Targets if $1.34 breaks
Deeper downside
$1.20
Lower channel boundary
Resistance
$1.395 to $1.425
50-day and 20-day EMA area
Upside target
$1.45 to $1.50
Strong resistance zone
If the altcoin falls below $1.34, a test of $1.30 and $1.25 looks possible. A deeper move toward $1.20 would be the bearish case.
If buyers defend $1.34 and push above $1.395 to $1.425, a bounce toward $1.45 to $1.50 could follow. That area has acted as resistance before.
For now, the short-term view is bearish to neutral. A test of $1.30 to $1.34 is likely unless $XRP wins back the key moving averages.
The CPI data may decide which path comes first. Nothing here is certain, and sharp moves can happen fast around big news.
This article is for information only and is not financial advice. Crypto prices are very volatile, and you can lose some or all of your money. Always do your own research and speak to a licensed financial advisor before you invest.
