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XRP holds near $1.02 despite Coreum Bridge hack and inflation data shifting Fed rate outlook.

Market News
13 Aug 2026
Blockonomi
View Source
Bearish
XRP holds near $1.02 despite Coreum Bridge hack and inflation data shifting Fed rate outlook.

XRP's price stabilized around $1.02 after a 1.46% gain despite a recent exploit draining 200,000 XRP from the Coreum Bridge, which did not affect the XRP Ledger itself. Inflation data showing a 3.4% annual CPI rise lowered the odds of a Fed rate hike in September to 38%, easing some market pressure. However, technical indicators suggest bearish momentum with critical resistance at $1.05–$1.08 and a key support at $1; a break below could lead to further declines toward $0.90 or even $0.50. Investors should watch for a breakout above $1.40 to confirm a bullish reversal.

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