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XRP Plunges Below $1 Amid Derivatives Frenzy and CPI Jitters

Guavy AI Editorial Team
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BNB XRP RPL
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The price of XRP plummeted to $0.99 on Binance, its lowest point since November 2024.

This decline came after a report revealed that 200,000 XRP tokens were drained from the Coreum cross-chain bridge.

Activity in the XRP derivatives market surged ahead of Wednesday's Consumer Price Index (CPI) release, which is expected to impact yields and inflation expectations.

XRP has had a disastrous year so far, losing 46% of its value despite notable developments within the ecosystem, including Ripple's full MiCA authorization in Europe and the expansion of the XRPL beyond payments.

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