XRP Faces Pressure as Crypto Markets React to U.S. CPI Data
Crypto markets saw sharp swings on Thursday after a softer-than-expected U.S. CPI report briefly lifted Bitcoin above $89,000 during U.S. trading hours. XRP, however, drifted lower amid elevated volatility, with higher-than-usual volume suggesting active participation from major players even as the token struggled to hold key technical levels.
Market Context
The CPI-driven rally in crypto proved short-lived, with Bitcoin and other digital assets lagging behind equities, which maintained gains throughout the day. This rapid reversal reflects a familiar trend in recent weeks: macro-driven rallies failing to sustain momentum as sellers regain control amid thinning positioning.
XRP remained pressured after failing to reclaim the $2.00 level earlier this month, a key structural inflection point.
Technical Outlook
Trading below major moving averages, XRP faces resistance in the $1.93–$2.00 zone, which aligns with key Fibonacci retracement levels. Momentum indicators show early signs of stabilization, including a developing bullish RSI divergence, though confirmation is still pending.
Price Action
XRP fell 1.2% to $1.84, moving across a $0.10 range (≈5.4%). After initially bouncing from support near $1.84 to $1.93 on strong volume, the token reversed sharply as sell orders emerged. Trading volume surged up to 147% above the 24-hour average, peaking near 155 million tokens, signaling distribution rather than panic selling. Late-session bids stabilized above $1.84, but follow-through buying remained limited.
Key Levels
- Support: $1.84 (immediate), $1.73, $1.64
- Resistance: $1.93, $1.98, $2.00
- Volume Insight: High activity without upside continuation points to distribution
- Bias: Cautious below $1.93; relief rallies need confirmation
Until XRP regains former support with sustained momentum, consolidation or further downside appears more likely, even as indicators hint that selling pressure may be easing.
