XRP Bulls on Edge as CPI Report Looms Amid PPI-Induced Sell-Off

XRP bulls are bracing for today's Consumer Price Index (CPI) release as long positions in the cryptocurrency were wiped out following Thursday's hotter-than-expected Producer Price Index (PPI) print. The PPI report showed a year-over-year increase of 5.4%, exceeding the forecasted 5.3%. Core PPI climbed to 4.6% annually, its highest reading since June 2026.

The hotter PPI data has put pressure on XRP heading into today's CPI release. The cryptocurrency is now facing a crucial test as investors await the outcome of the CPI report. With $13 million in long liquidations, it appears that leveraged bulls were caught offside during the sell-off.