XRP falls 11.2% over 2-8 day closing prices... US CPI announcement on the 10th
Original headlineXRP 2~8일 종가 11.2% 하락…10일 미 CPI 발표
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XRP’s daily close fell 11.2% from $1.25 on the 2nd to $1.11 on the 8th, according to CoinGecko UTC data, after peaking at $1.30 on the 4th and declining every session through the 8th. Trading volume on the 5th exceeded that of the 8th, though volume alone does not clarify whether the drop reflected large sell executions. Binance XRP futures long-account share stood at 74% as of the 7th, leaving the market exposed to further volatility. The move matters because it comes ahead of this week’s US inflation data and scheduled public remarks from Federal Reserve officials, which could shape risk appetite across crypto. Traders will watch whether XRP holds above the $1.11 close and whether the heavy long positioning unwinds further around the CPI release.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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XRP (XRP), CoinGecko, Federal Reserve, US CPI, Binance
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