The latest US inflation figures reignite tensions in the financial markets, and the crypto sector is not immune to this nervousness. Stuck below the $3 mark, XRP struggles to define a clear trend. In a climate where every economic data fuels speculation about the Fed’s monetary policy, Ripple’s asset moves in a zone of uncertainty. Between hopes for a breakout and risks of correction, pressure is mounting around a threshold that has become strategic.
The monthly report from the Bureau of Labor Statistics, published this Thursday, September 11, surprised the markets. The Consumer Price Index (CPI) rose 0.4 % in August (compared to 0.2 % in July), bringing annual inflation to 2.9 %, its highest level since January, while the crypto market is recovering .
The “core” version of the index, which excludes food and energy, remained stable at +3.1 % year-over-year. This data, deemed critical, tempered hopes for a rapid easing of US monetary policy. Expectations for a 0.25 point rate cut by the Fed in September fell from 91 % to 88.7 %”, according to CME Group’s FedWatch tool.
In this tense context, risk assets, including XRP, react cautiously. Ripple’s crypto clings to the psychological threshold of $3.00, failing to establish a clear direction. This status quo is notably explained by a hesitant market dynamic, characterized by “an aggressive push and pull between buyers and sellers”. Specifically, here are the key points :
In summary, macroeconomic data has slowed speculative momentum around XRP, without reversing the trend. The crypto market, like stock indices, is now in a wait-and-see phase, suspended to the next monetary policy announcement.
While the macroeconomic context weighs on the short-term prospects of the entire crypto market, Ripple’s crypto shows specific signs of resilience. Open Interest in XRP futures contracts reached $8.15 billion this Thursday, compared to $7.37 billion last Sunday.
This significant increase in speculative engagement reflects a renewed investor interest in the asset and can be interpreted as anticipation of a significant directional move. At this stage, the $3.00 threshold acts as a technical pivot. Investors are buying dips towards $2.91, a level corresponding to the 50-day exponential moving average (EMA 50).
From a technical analysis perspective, signals point upward. The MACD configuration, in “buy signal” mode since Monday, and a stable RSI at 54 indicate a moderate but real bullish momentum.
The RSI increase, approaching an overbought zone, confirms sustained buying pressure. Furthermore, the next critical zone identified by analysts is $3.35, last tested in mid-August. If this resistance were to break, the market could then target the peak reached last July 18 at $3.65 .