Crypto
XRP Price Under Threat as Liquidity Pocket Looms Near $0.98
XRP's price has been holding steady above $1.35, but the crypto's future is uncertain due to a large liquidity pocket near $0.98.
A recent tweet by ChartNerd highlighted an even larger liquidity pool sitting at this level, posing a significant risk to XRP's price.
XRP ETFs have been experiencing consecutive weeks of net inflows, with the latest week seeing $18.98 million added through September 11, according to SoSoValue.
The inflation data from August showed a 0.4% increase in consumer prices, pushing market expectations of a Fed rate hike next week to nearly 90%, as reported by Reuters and cited by Mario Nawfal.