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XRP Holds Bullish Flag as Inflation Concerns Weigh

Guavy AI Editorial Team
Instruments
XRP
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XRP has maintained its bullish structure despite a recent selloff, and traders are watching to see if buyers can keep the advantage in the next few sessions.

The price of XRP fell around 4% after the release of US PPI data for August, which rose 0.4% month over month and 5.4% year over year.

Ripple has recently expanded its GSmart platform with AI-powered tools for liquidity management and risk assessment, but this news was overshadowed by macroeconomic pressure.

The market is now awaiting the release of US CPI data, which could further strengthen expectations for a Fed rate hike and put renewed pressure on cryptocurrencies.

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