XRP at $1.36 as Hot CPI Puts $1.30 Support at Risk Despite Ripple Deals
- —U.S. CPI rose to 3.7% and core inflation to 2.6%, both above forecasts
- —XRP trades near $1.36, with support at $1.34–$1.30
- —A break below $1.30 exposes $1.28 and $1.246
- —Standard Chartered launched RLUSD custody on the XRP Ledger on October 12
Why it matters: Hotter inflation pressures risk assets, and without confirmed XRP demand, Ripple's partnerships may not hold the price above $1.30.
Source: Coin Edition