According to the Bureau of Labor Statistics, XRP fell 2.8% to $1.05 support on Tuesday within five minutes of the October U.S. CPI release at 8:30 a.m. ET. Headline inflation rose 0.4% month-over-month versus a 0.3% forecast, while core CPI printed 0.3% compared to 0.2% expected, marking the third straight month at that elevated level. Fed Governor Christopher Waller indicated he would lean toward considering a 0.50 percentage point rate increase in December if core inflation remains at 0.3%, intensifying rate-hike expectations and triggering broader risk-asset selloffs across cryptocurrency and fixed income markets.

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