Ripple XRP Price Signals Potential Breakout After $3
Ripple’s XRP cryptocurrency also seems to be following the ongoing market rebound. The asset has risen 0.2% in the last 24 hours, 3.9% in the weekly charts, and 376% since June 2024. Major digital assets, including Bitcoin (BTC) and Ethereum (ETH), edged higher during the American session on Wednesday, sparked by the US CPI data coming in below the market forecast. The Core CPI, which excludes the volatile prices of food and energy, rose 2.8% in May, matching the figures in April. Monthly, the CPI and the Core CPI each rose 0.1%, sitting below market expectations of 0.2% and 0.3%, respectively. Investors are hoping the data will have an effect on the Fed’s upcoming decision to cut or maintain current interest rates. However, most suggest it won’t, leaving the fate of the crypto market’s bull run in the hands of the Federal Reserve. For XRP specifically, its price currently edges higher above the confluence support at $2.26, established by the 50-day Exponential Moving...