XRP Trades Above $1.30 in Afternoon, Remains About 3% Lower on Week

XRP (XRP) traded above $1.30 Tuesday, Oct. 20, in an afternoon snapshot that showed a roughly 3% weekly decline despite a gain over the preceding 24 hours.

The token changed hands at $1.32281 at 3:24 p.m. ET (19:24 UTC). Its rolling 24-hour range was $1.28500 to $1.34473. An earlier Tuesday market snapshot placed XRP near $1.30 at 8:29 a.m. ET (12:29 UTC).

XRP futures open interest stood at about $2.90 billion in the afternoon. Open interest measures outstanding futures positions, but the total alone does not show whether traders expect the price to rise or fall.

The XRP Ledger uses XRP as its native asset. Ripple is a technology company that uses XRP.

On Sept. 16, the Federal Reserve lifted its target rate range by a quarter point to 3.75%-4.00%. U.S. consumer prices rose 3.7% in September from a year earlier, compared with 3.4% in August. The Fed’s next scheduled meeting is Oct. 27-28.