Options markets are signaling unusual near-term volatility for major cryptocurrencies through Nov. 15, with XRP showing the largest expected swing. According to Coinbase Markets, XRP has a 7-day implied one-standard-deviation move of ±9.7%, compared with Solana at ±9.3%, Ethereum at ±8.5% and Bitcoin at ±6.0%. Coinbase also noted that XRP carries the widest premium to its median 7-day move at 1.97×, meaning traders are pricing in a much larger move than its typical weekly range.
The volatility backdrop collided with a hotter-than-expected U.S. inflation print. The Bureau of Labor Statistics reported that October consumer prices rose 0.4% month-over-month, above the 0.3% consensus, while core CPI increased 0.3% versus the 0.2% expected. Year-over-year figures were unavailable because price collection was suspended during the October 2025 government shutdown.
Fed Governor Christopher Waller said he already leans toward a 0.25 percentage point rate increase in December, but added that another 0.3% core CPI print means a 0.5 point hike “should be considered.” Higher rates typically pressure risk assets, including cryptocurrencies.
XRP fell to $1.05 on Binance within five minutes of the CPI release, after trading near $1.0797 before the report. Bitcoin also dropped to $73,525 in the same window. XRP later bounced to about $1.07, but remained down roughly 2.8% over 24 hours and about 17% over the week.
Technically, XRP is below its 50-day EMA at $1.294 and 200-day EMA at $1.350. Resistance sits at $1.130 and $1.165, while support lies at $1.050, then $1.022 and $0.986. A daily close above $1.130 could open a move toward the 50-day EMA, while a close below $1.050 would put the $1.022 and $0.986 levels back in focus.
