đ XRP Price Watch Ahead of U.S. CPI Report â Key Levels & Trend
XRP traders are eyeing the upcoming U.S. January Consumer Price Index (CPI) data, with the token trading near $1.35 as markets brace for the inflation print that could influence crypto risk sentiment.
Key Levels:
âą Support: $1.30 & $1.20
âą Resistance: $1.40 & higher at $1.80â$1.85
âą XRP currently below its 50-day moving average (~$1.84), suggesting bearish pressure.
Why This Matters:
âą A hotter-than-expected CPI could delay Fed rate cuts, strengthen the U.S. dollar, and weigh on risk assets like XRP.
âą A softer inflation print might ease macro concerns and help XRP rebound toward resistance levels.
Market Context:
Broad crypto sentiment remains sensitive to macro news, especially inflation data that shapes expectations around interest rates and liquidity â key drivers for both Bitcoin and altcoins.
Bottom Line:
XRPâs near-term direction may hinge heavily on todayâs CPI release, with potential for either a dip toward lower support or a rebound if macro data surprises to the downside.
#XRP #CryptoNews #CPI #Inflation #TradingLevels
