Finance12 August, 20262 min read
XRP Trading Tightens Around $1 Ahead of U.S. CPI Report on August 12
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XRP trades around $1, dipping briefly to 99 cents before recovering. Futures activity on XRP surges to highest since October after CPI release.
CPI jitters lift futures
XRP trading has tightened around $1 as traders look to the U.S. inflation report released on August 12, with CoinGecko showing XRP at $1.00 as of August 11, 2026 and down 2.7% in 24 hours. CryptoBriefing said XRP futures activity reached its highest level since October after the Consumer Price Index (CPI) report, pointing to heightened volatility ahead of macro data.
CoinDesk reported that open interest in XRP futures has risen to 2.67 billion XRP ($2.73 billion), the most since October, up from 2.25 billion XRP at the start of the month. In parallel, 디지털투데이 said XRP futures open interest jumped about 20.46 percent in one hour, after rising by $171.74 million in an hour, as U.Today described the move in the derivatives market.
$1 support becomes battleground
KuCoin said $1.00 is “the whole game” for XRP, noting that “Below: $0.97 in the Fibonacci zone, then the $0.90 to $0.95 range,” while “Above: $1.06 to $1.08” is where sellers have blocked recovery. CoinDesk said XRP prices briefly fell to 99 cents on some exchanges on Tuesday and that the bounce stalled near $1.02, with the token hovering close to $1.
디지털투데이 tied the positioning to where price sits, saying the key is when funds poured in and where the price sits near $1.02, and it highlighted CoinGlass data showing a weighted average funding rate stayed positive at 0.0080 percent. The same 디지털투데이 report said large addresses recently bought more than 380 million XRP, lifting holdings to about 13 percent of total circulating supply, while it warned that if the $1 level breaks, inflowing funds could amplify downside volatility.
Leverage and scenario pricing
CoinDesk said the buildup of leverage while XRP trades at this price points to potential volatility, and it framed the CPI as a catalyst that could embolden bears if $1 is breached.
Pluang reported that prediction-market data gives XRP only a 7% probability of reaching a new all-time high by December 31, 2026, while it also said futures activity for XRP spiked to its highest since October following the U.S. CPI report.
Crypto Briefing said market pricing for XRP reaching a new all-time high by the end of 2026 remains relatively low, with current odds at 6.7% for December 31, 2026, despite the increase in futures activity.
In KuCoin’s framing, the inflation report is the “catalyst,” with a hot print described as the scenario that breaks the dollar and opens the band from $0.85 to $0.90, while a cold print sends XRP back to the $1.06 to $1.08 band where sellers have camped all week.