XRP trading could get spicy after CPI report as futures bets hit highest since October
Your day-ahead look for Aug. 12, 2026
XRP, the payments-focused cryptocurrency, may experience heightened volatility due to a recent breach of the $1 level, which could embolden bears. Open interest in XRP futures has surged to 2.67 billion XRP, the highest since October, suggesting increased leverage and potential price swings. The upcoming U.S. CPI report may further complicate XRP's trading conditions, as a hotter-than-forecast reading could strengthen bets on Fed interest-rate hikes and drive up Treasury yields, creating headwinds for risk assets.
While some traders hope the report will push Bitcoin's price out of its recent range, the current options prices indicate low expectations for CPI-driven market movements.
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