XRP price news: Steadies near $1.38 as Bollinger squeeze hints at breakout before CPI
XRP traded steadily near $1.38 with a potential breakout anticipated before the U.S. CPI release, amid robust on-chain activity and a Ripple share buyback.Summary
XRP maintained a stable price around $1.38 as cryptocurrency markets experienced compressed volatility leading up to the release of key U.S. inflation data. This data is expected to influence Federal Reserve policy and overall risk appetite. On-chain activity remained strong, with over 2.7 million daily transactions on the XRP Ledger and approximately $1.4 billion in assets held in XRP-linked investment products. Ripple initiated a $750 million share buyback, valuing the company near $50 billion. Technical analysis indicates a potential breakout is brewing, as Bollinger Bands have tightened, suggesting a significant price move is likely once volatility returns. Traders are watching support levels between $1.35-$1.37 and resistance levels between $1.40-$1.42.
(Source：CoinDesk)