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Event File CRYPTO XRP

XRP Futures Bets Hit October High Before CPI

1 reports · First detected 2026-08-12 · Last active 2026-08-12

The U.S. consumer price index, released by the Bureau of Labor Statistics, is a key input for Federal Reserve policy expectations and often drives sharp repositioning across risk assets. XRP is particularly exposed ahead of the inflation report because its price is hovering near the psychologically important $1 level while traders build leveraged futures positions.

Open interest in XRP futures has climbed to 2.67 billion tokens, the highest level since October, signaling a rapid accumulation of bullish and bearish bets before the CPI release. A reading that departs from market forecasts could trigger liquidations on either side of the trade, leaving XRP at greater risk of short-term volatility than other major cryptocurrencies.

All Coverage

1 original reports
COINDESK.COM 2026-08-12
XRP trading could get spicy after CPI report as futures bets hit highest since October

The Backstory

The history behind this event
XRP Consolidates Near $1.38 as Markets Await US CPI Data2026-03-12 · 1 reports · similarity 0.83

XRP is a crypto asset used in the Ripple ecosystem, and its price is sensitive to the outlook for US interest rates and shifts in market risk appetite. The Consumer Price Index, published by the US Bureau of Labor Statistics, shapes expectations for Federal Reserve rate cuts and is therefore a key gauge of potential cryptocurrency fund flows.

In the latest trading session, XRP consolidated near $1.38 amid low volatility. Narrowing Bollinger Bands suggested that a breakout could be taking shape as investors awaited the next US CPI reading. Meanwhile, Ripple launched a $750 million share buyback program, lifting the company’s valuation to nearly $50 billion. The reports did not specify the exact CPI release date.

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