XRP Tests $1.05 Support After Hot October CPI Print

Five Minutes From $1.0797 to $1.05

XRP changed hands at $1.0797 when the October consumer price index for the United States landed at 8:30 a.m. ET on Tuesday, and five minutes later the quote had lost 2.8% to reach $1.05, a level the market had not touched since August 19. The trigger came from the Bureau of Labor Statistics: headline inflation rose 0.4% month over month against a 0.3% forecast, and core CPI, which excludes food and energy, printed 0.3% where 0.2% was expected. Core inflation has now run at 0.3% for three straight releases. Federal Reserve Governor Christopher Waller said he leans toward a 0.25 percentage point rate increase at the December meeting, and that a core reading holding at 0.3% would compel consideration of a 0.50 percentage point move. That framing turned a one-day data miss into a policy question for risk assets. Bitcoin fell to $73,525 in the same hour, and the wider altcoin market sold off with it. XRP climbed back toward $1.07 shortly afterward, though the recovery lost momentum. Market data now shows the XRP price near $1.06, 0.5% below the level at the latest report and 3.5% down across 24 hours, with a market cap of about $67.4 billion and 24-hour trading volume near $1.58 billion. The weekly ledger is heavier: 17% erased in seven days. Set against the all-time high of $3.65 from July last year, the current quote sits 71% lower. The speed of the drop mattered as much as its size: the whole move from $1.0797 to $1.05 played out inside a single five-minute window, and it leaves XRP directly on top of the support line that sets the short-term direction.

Seven Rebounds in Ten Hot CPI Prints

History gives the bulls a limited case. Across the 24 CPI releases from October 2024 through October 2026, XRP rose in the following 24 hours in 7 of the 10 instances where core inflation came in at 0.3% or higher, with a median gain of 1.4%. This year's record is thinner: two advances in four hot prints, and after the October 14 release the coin lost 4.4% over the following 24 hours. The difference this time is the raised prospect of a larger rate increase, which is why the older rebound pattern may not repeat on schedule. Technically, $1.05 is the pivot that decides the short-term direction. XRP held the $1.02–$1.07 band from late June into early July and rallied from it, but the band gave way in August and the coin dropped as far as $0.986. The August break is the bearish precedent: once the band failed, the fall carried the coin through supports now back in play. The quote now trades beneath both the 50-day EMA at $1.294 and the 200-day EMA at $1.350, and both moving averages sit well above the spot quote. Resistance is mapped at $1.130 and $1.165, with support at $1.05, $1.022 and $0.986; the $1 threshold, tested after an 18% retreat from $1.34, sits below the ladder. The scenario map runs in two directions. A daily close above $1.05 keeps the short-term base intact, and trade between $1.05 and $1.130 would resemble the basing process of late June, the setup that produced the rally that followed. A close above $1.130 opens $1.165 and the 50-day EMA at $1.294. A daily close beneath $1.05 points first to $1.022, then to $0.986. The same levels are tracked in our XRP technical analysis.

The composite support and resistance scoring on COINOTAG's own board puts harder edges on the same map: the $1.1254 resistance carries a score of 99 out of 100, the strongest level on either side of the market, while the $1.0495 support directly beneath the quote scores 58 out of 100. Positioning leans the other way. Perpetual funding has cooled to 0.0058% after the one-year funding high of 0.18% on Binance, and the long/short account ratio stands at 3.63, with 78.4% of accounts holding long. RSI near 24 marks deeply oversold ground. With spot at $1.0587, the quote sits roughly 0.9% above the support line and about 6% beneath the resistance cap: those two distances are what the next sessions have to resolve.