XRP Trading Volume Reaches $2.62 Billion Before U.S. Inflation Reports

XRP (XRP) recorded $2.62 billion in rolling 24-hour trading volume around 5 a.m. ET (10:00 UTC) Monday, before two U.S. inflation reports scheduled for this week.

At that check, XRP was near $1.08, and the market snapshot displayed a 182% volume-change reading.

The asset’s UTC daily close fell on net from $1.25 on Nov. 2 to $1.11 on Nov. 8. TokenPost previously covered XRP’s Nov. 8 decline.

UTC daily trading volume totaled $2.19 billion on Nov. 7 and $1.29 billion on Nov. 8. Those figures cover fixed calendar days, while Monday’s $2.62 billion figure is a rolling 24-hour total taken later. The snapshot’s 182% reading is not a comparison of the two daily totals.

The rolling volume reading does not establish what drove XRP’s price decline or indicate its next move. It marks a separate trading observation as investors prepare for the inflation releases and scheduled remarks from Federal Reserve officials.

The Fed held its target rate range at 3.75% to 4% on Oct. 28, with two policymakers favoring a 0.25-percentage-point increase. Its next scheduled policy meeting is Dec. 8-9. The coming inflation figures will arrive between those two decisions.

Chicago Fed President Austan Goolsbee has a discussion scheduled for 10 a.m. ET (15:00 UTC) Monday. Fed Governor Christopher Waller and Vice Chair for Supervision Michelle Bowman are scheduled to give economic-outlook remarks Tuesday, Nov. 10.

October consumer price index data is due at 8:30 a.m. ET (13:30 UTC) Tuesday, Nov. 10. October producer price index data follows at the same time Friday, Nov. 13.