XRP is gaining momentum following softer U.S. inflation data, which has boosted market expectations of a Federal Reserve rate cut later this month. The token climbed above $2.55, up 4.3% in 24 hours, and now trades around $2.54 with investors eyeing the $2.80 resistance zone as the next key target.
The CPI report showed a 0.3% monthly rise and 3.0% annual inflation, both below forecasts, fueling optimism that lower borrowing costs will benefit risk assets like cryptocurrencies. A weaker U.S. dollar and growing institutional interest are also adding to XRP’s bullish tailwinds.
However, mixed U.S. data — strong PMI readings but weaker consumer sentiment — suggest ongoing economic uncertainty. Technically, XRP remains within a descending triangle pattern, facing resistance at $2.70–$2.72 and support near $2.26–$2.02. A daily close above $2.72 could trigger a breakout toward $2.80–$3.15, while failure to hold current support may invite a retest of the $2.00 zone.
Overall, while macroeconomic conditions favor further gains, regulatory risks and strong technical resistance could keep XRP consolidating between $2.25 and $2.70 until a decisive move confirms the next trend direction.