BTC, XRP Price News: Ripple Linked Token Plunges as Bitcoin Pumps and Dumps
XRP fell 1.2% amid volatile trading as Bitcoin reversed an earlier surge following a softer CPI print.Summary
Crypto markets experienced sharp swings after a softer-than-expected U.S. CPI report briefly pushed Bitcoin above $89,000, though this rally quickly faded, with crypto lagging equities. XRP declined 1.2% to $1.84 during the session, trading in a wide range on significantly elevated volume, suggesting activity from large players. The token failed to reclaim the $2.00 resistance area, keeping its technical structure tilted to the downside, with former support at $1.93 now acting as resistance. Although daily momentum indicators show signs of stabilization, analysts caution that until XRP regains traction above $1.93, further downside or consolidation is more likely than a clean reversal, despite high trading volume during the afternoon selloff.
(Source：CoinDesk)