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XRP trading may spike after U.S. CPI data as futures hit highest since October amid price pressure near $1.

Market News
12 Aug 2026
Coindesk
View Source
Neutral
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XRP faces potential volatility after its futures open interest rose to 2.67 billion XRP, the highest since October, while its price hovers near a critical $1 level. A recent exploit drained about $200,000 worth of XRP from a bridge, adding to market uncertainty. The upcoming U.S. Consumer Price Index (CPI) report could further impact XRP and other cryptocurrencies, as a hotter inflation reading might lead to higher interest rates and Treasury yields, pressuring risk assets. Conversely, a softer CPI could weaken the dollar and support crypto prices. Bitcoin and ether show muted expectations for CPI-driven moves, but surprises in inflation data could trigger market action.

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