XRP Holds Steady at $1.02 Amid Coreum Bridge Hack and Inflation Data

XRP's price stabilized around $1.02 after a recent exploit on the Coreum Bridge drained 200,000 XRP, but did not affect the XRP Ledger itself.

The incident occurred despite a 3.4% annual CPI rise in inflation data, which lowered the odds of a Fed rate hike in September to 38%, easing some market pressure.

However, technical indicators suggest bearish momentum with critical resistance at $1.05-$1.08 and a key support at $1, a break below could lead to further declines toward $0.90 or even $0.50.