XRP Slides Toward $1.30 as Bitcoin Defends $80,000 Level
XRP fell 4.66% to about $1.31 on Oct. 15, reaching a multi-week low, while Bitcoin traded mostly between $81,000 and $81,500 and held above $80,000. The selling followed September U.S. consumer price data showing 3.7% annual inflation, above forecasts, which lifted Treasury yields and expectations that the Federal Reserve could keep rates high longer. XRP’s 24-hour volume exceeded $2 billion, long liquidations drove much of the decline, and traders watched support at $1.30-$1.32 ahead of PPI data.
XRP dropped 4.66% over the 24 hours ending Oct. 15, trading near $1.31 and touching a multi-week low. It lost the $1.35–$1.38 band and sat beneath its 50- and 200-day exponential moving averages around $1.39–$1.40. Volume topped $2 billion.
Bitcoin moved between about $80,200 and $82,100, mostly $81,000–$81,500, down roughly 3.03%. XRP perpetual futures open interest was about $700–$750 million; long liquidations fueled forced selling. Ripple-related news, including RLUSD support, an XRP treasury, and South Korea partnerships, did not sustain buying.
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