Why is XRP moving today?

XRP is roughly flat-to-higher at $1.34, up 0.9% over 24 hours but still down 2.6% on the week — a stabilisation after the token slid toward $1.30 during an overnight washout that liquidated $932 million across crypto, with XRP, DOGE and NEAR among the hardest hit. The backdrop is macro, not XRP-specific: September US producer prices rose 1.3% monthly and 6.3% annually, far above forecasts, pushing Bitcoin briefly below $80,000 before it recovered to $82,095 (+0.5% on the day).

Ripple-specific news this session skewed constructive without moving price much. Ripple Prime began offering institutional clients swaps on more than 100 traditional-asset perpetual markets trading on Hyperliquid, while Cross River Bank integrated the RLUSD stablecoin into its core banking system and DriveWealth said it will start RLUSD settlement in Europe.

Offsetting that, roughly 84 million XRP moved into exchange wallets between October 12 and 15, and Crypto Briefing notes most net-long positions sit above spot, leaving leveraged traders underwater.