XRP's Breakout Hopes Hinge on More Than ETF Inflows

XRP has been the best-performing cryptocurrency among the top five largest assets, gaining 36% since its late-August rally. However, renewed macroeconomic uncertainty and persistent selling pressure near $1.40 continue to limit its recovery.

US inflation rose 3.4% year over year in August, matching market expectations, but month-over-month inflation exceeded forecasts by 10 basis points, pushing the probability of a September interest-rate hike to 87%. Cryptocurrency prices initially rallied after the report, with several tokens breaking above key resistance levels.

However, gains faded over the weekend, with XRP retesting the $1.31 support level on Sunday before bouncing back to $1.37.