XRP (XRP) fell 12.3% over seven days while its 24-hour trading volume rose 182% in Nov. 9 market snapshots, ahead of U.S. inflation reports that will inform the Federal Reserve’s next rate decision.
CoinMarketCap put XRP at $1.08 and recorded $2.62 billion in trading over the preceding 24 hours as of about 5:07 a.m. ET (10:07 UTC). CoinGecko separately recorded the 12.3% seven-day decline.
The seven-day price change and 24-hour volume change also cover different periods. Higher volume shows more trading activity, but the figure alone does not establish whether selling drove the decline.
The Fed maintained the target range for the federal funds rate at 3.75% to 4% on Oct. 28. The committee said incoming data would guide policy as it seeks to bring inflation back to 2%.
The Bureau of Labor Statistics reported that consumer prices rose 0.6% in September from August after seasonal adjustment. The unadjusted increase over 12 months was 3.7%. Gasoline accounted for more than half of the monthly rise, the bureau said.
September’s final-demand producer-price index increased 1.3% from August after seasonal adjustment. That was its largest monthly gain since March 2022, according to the bureau.
Fed officials also have public appearances this week. Chicago Fed President Austan Goolsbee and Richmond Fed President Tom Barkin have events Monday. Federal Reserve Governor Christopher J. Waller and Federal Reserve Vice Chair for Supervision Michelle W. Bowman are scheduled to give economic-outlook remarks Tuesday.
The bureau is due to release October consumer-price data Tuesday, Nov. 10, at 8:30 a.m. ET. October producer-price data follow Friday, Nov. 13, at the same time. The Federal Open Market Committee’s next meeting is scheduled for Dec. 8-9.
