XRP has tumbled from a local peak of $1.50 to the $1.31-$1.33 area, losing all its summer momentum within days. The trigger for this panic was unexpectedly hot US inflation figures, pushing the market to price in a 64% probability of a Fed rate hike at the end of the month. Despite mass dumping by retail investors, institutional funds recorded a net inflow of $1.7 billion into spot XRP ETFs. Historical data shows October has a median return of -5%, compared to +80% and +63% on average for November and December. Key catalysts to watch are the Fed’s rate decision and Ripple’s annual Swell conference in New York, starting October 27.
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