- XRP is down 4.66% to around $1.31 in 24 hours as Bitcoin defends $80K ahead of the US PPI release.
- Hotter US inflation data sparked a broad risk-asset sell-off, while Ripple’s news has yet to spur XRP buying.
- XRP’s reaction to US PPI and its ability to defend $1.30–$1.32 could determine if prices stabilize or break.
XRP fell 4.66% to around $1.31 over the past 24 hours on October 15, 2026, underperforming the broader crypto market as Bitcoin (BTC) defended $80,000 ahead of the U.S. Producer Price Index (PPI) data release.
Hotter-than-expected U.S. Consumer Price Index (CPI) data triggered selling pressure across risk assets, while Ripple’s institutional announcements have yet to generate sustained XRP buying. With bearish momentum persisting, the $1.30–$1.32 support zone remains critical to XRP’s next price move.
XRP Falls 4.66% to $1.31 as Bitcoin Defends $80K
According to CoinMarketCap data, XRP is down 4.66% to $1.31 in 24 hours. The dip has pushed the token to multi-week lows as it has been unable to sustain its price above the $1.35-$1.38 level in recent sessions.
Bitcoin, by contrast, held above $80,000, trading between approximately $80,200 and $82,100 across different exchange snapshots. Prices hovered around 81,000–81,500, marking a 2–3% decline over the previous 24 hours.
Relative performance decisively leaned towards Bitcoin. XRP’s steeper drop left it underperforming BTC by roughly 1.5 — 2.5 percentage points during the broader crypto market sell-off. This is a typical high-beta move by the major altcoins during times of low risk appetite when capital switches to the perceived relative safety of Bitcoin, as altcoins absorb the larger percentage losses.
Why Is XRP’s Price Down Today?
Hotter-than-expected U.S. inflation data rattled risk assets, including Bitcoin and major altcoins. September CPI rose 3.7% year-over-year, above the 3.6% forecast, pushing Treasury yields higher and raising the odds of further Federal Reserve tightening.
This selling pressure caused by inflation led to a correlated risk-off operation throughout crypto. XRP’s 4.66% drop was in sync with Bitcoin’s 3.03% drop, indicating high beta to market sentiment overall.
Spot markets showed clear selling as XRP’s 24-hour trading volume reportedly exceeded $2 billion. The token dipped below its 50-day and 200-day exponential moving averages around $1.39-$1.40 as a result of profit-taking and stop-loss cascades.
Futures positioning further boosted the move, with perpetual open interest ranging between $700 – $750 million. Across exchanges, long liquidations prevailed as leveraged bullish positions were cleared out during the broad-based sell-off.
Furthermore, Ripple’s institutional announcements have not necessarily translated into immediate XRP buying. Standard Chartered’s support of RLUSD, Evernorth’s large XRP treasury and the South Korean partnerships, such as Meritz Securities, indicate more long-term institutional advancement.
However, in a macro-informed risk-off market, liquidity is the focus of the traders, not news of partnerships, and potential institutional demand is not enough to counter-balance the general selling pressure in the altcoins.
What’s Next for XRP and BTC Ahead of Today’s US PPI?
The market now shifts focus to today’s U.S. PPI data release. September final-demand PPI is expected to increase 0.5-0.6% month-over-month, as the core data will be closely watched for inflation signals. If the print is higher than expected, it could fuel the Fed tightening fears and extend the selling pressure on BTC and XRP, while softer data could relieve macro tensions.
Meanwhile, the critical near-term support level for XRP is the $1.30-$1.32 mark. Holding this area may lead to consolidation or a modest rebound in case of a wider sentiment improvement. However, a solid break below $1.30 on strong volume may instead lead to a pullback toward $1.25-$1.28.
Bitcoin’s ability to defend $80K remains a key psychological market anchor. Given its higher sensitivity to broader market sentiment, a sustained downfall could pull XRP down. XRP’s reaction to PPI will thus hinge on the impact that it has on Fed expectations and Bitcoin’s price action. Renewed buying may necessitate a positive inflation reading and the retracement of the $1.38–$1.40 technical zone.
Related: XRP Longs Face Biggest Wipeout Since October: What Traders Risk by Re-Entering Now
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
