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XRP trades above $1.30 despite a weekly 3% drop amid Fed rate hike and inflation data.

Market News
20 Oct 2026
Tokenpost
View Source
Neutral
XRP trades above $1.30 despite a weekly 3% drop amid Fed rate hike and inflation data.

XRP traded above $1.30 on October 20, showing a slight recovery in the past 24 hours despite a roughly 3% decline over the week. The token's price fluctuated between $1.285 and $1.345 during the day, with futures open interest around $2.9 billion. This movement comes as the Federal Reserve recently raised interest rates and U.S. inflation data showed a 3.7% increase in September. Investors are watching closely ahead of the Fed's next meeting scheduled for October 27-28, which could influence XRP and broader market trends.

XRP is trading at Rp23.873 on Pluang as of Oct 21, 2026 02:41 WIB, showing a 1-day gain of 1.78%. This price level places XRP well within reach of its circulating supply of 63.1 billion tokens, which is 64% of the total 100 billion XRP. Despite the article noting a weekly decline of about 3%, XRP's market cap remains strong at Rp1.498,78 trillion, supported by a significant 24-hour trading volume of Rp31,13 trillion.

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