⚠️ $XRP Nosedives — Soft CPI Data Sparks Wave of Liquidations

XRP falls below $2.20 as tariff uncertainty worries investors.

April US core PCE Price Index meets forecasts at 2.5%, down from 2.7% in March.

XRP's fall shakes off weak hands, with $30 million liquidated in 24 hours.

A dramatic 11% derivatives drop A 40% volume rise and growing open interest indicate greater volatility ahead of the weekend.

Ripple (XRP) trades around $2.17 on Friday, posing downside risks. After news that a judge had delayed an order against US President Donald Trump's tariffs, the bitcoin market became unstable.

The Bureau of Economic Analysis (BEA) issued the US Personal Consumption Expenditures (PCE) Price Index for April, showing a decrease in inflation from March.

Market overview: 4-year low US Core PCE price index

The Core PCE Price Index (excluding food and energy) fell 2.5% in April, surpassing market forecasts and the lowest level since March 2021. This is a lower inflation prediction than March's 2.7%. PCE annual rate was 2.1%, below 2.2% predicted. Core and total PCE grew 0.1% MoM.

After a federal appeals court delayed an order blocking President Trump's tariffs, lower inflation is unlikely to bolster global market confidence, including crypto. The Wednesday verdict held that the President had overstepped his power and that Congress had the constitutional right to regulate international commerce.

XRP losses rise as liquidations rise.

XRP has lost ground from its $2.65 peak due to the rapid downturn. As liquidation wiped away $30 million in longs and shorts, leveraged traders were hit worst at $2.17.

Compared to $384,000 in shorts, long traders lost $29.75 million in liquidations.

Over 10% rise in options Open Interest (OI) to $4.2 billion in 24 hours, and 42% increase in trading volume to $6.3 million, indicate rising volatility.

OI is declining while volume and liquidations are rising, indicating trader concern, which generally leads to deleveraging in negative markets.