XRP has fallen to a level lower than any session close recorded since August 20, 2026. The asset dropped 1.70% from the previous session close of $1.2944 to trade at $1.2724.
Since the current session opened at 00:00 UTC, the price moved between a low of $1.2713 and a high of $1.2987. Over the previous five sessions, trading occurred within the range of $1.2568 to $1.3966. Looking back twenty sessions, the asset traded between $1.2568 and $1.5222.
Data indicates that XRP maintains a 0.97 weekly correlation with Bitcoin, confirming it moves in tandem rather than decoupling. While the token appeared stable recently, it fell less than Bitcoin during the same downtrend instead of showing independence. Daily trading volume for spot XRP ETFs fell to $19 million from $102 million over the past 30 days.
If the token closes above its 50-day average on days when Bitcoin declines, it may strengthen its potential to break free. The asset continues to follow Bitcoin’s lead rather than forge its own path. Reports of margin shorts doubling to roughly 300,000 raise the possibility of a short squeeze if prices begin to rise.
Bitcoin stood at $79,687, down 0.44% on the day. Traders now look toward the US FOMC Rate Decision due at 18:00 UTC on Wednesday, October 28. The consensus forecast for the rate remains at 4.00%, matching the previous level.
The US FOMC Statement release is scheduled for 18:00 UTC on Wednesday, October 28. A press conference will follow at 18:30 UTC on the same day.
Sources: Yahoo Finance quotes, ForTraders economic calendar.
