XRP Price Remains Caged in Symmetrical Triangle as CPI Inflation Fails to Provide Support

Key Takeaways

• Despite softer-than-expected U.S. inflation figures, XRP’s price dropped, showing no bullish reaction to the macro news.
• Support sits at $2.09, while resistance levels are at $2.59 and $2.94, but XRP must break these levels to exit its stalemate.
• On the 4-hour chart, red AO bars and a negative CMF suggest selling pressure, with a possible dip to $2.06 or lower.

The XRP price has failed to react positively to May’s U.S. Consumer Price Index (CPI) numbers, and the latest data have done little to break the altcoin’s stalemate.

On Wednesday, June 11, the Bureau of Labor Statistics reported a 0.1% rise in monthly inflation. Meanwhile, the CPI came in at 2.4%, slightly below the expected 2.5%.

But even with the softer inflation print, U.S.-developed assets like XRP barely moved. The cryptocurrency stayed stuck in a technical gridlock, shrugging off what could have been a bullish macro trigger.

Now that the CPI data is behind us, the key question is: what’s next for XRP’s price action?

CPI Fails to Move XRP Price From Narrow Range

Typically, a higher-than-expected CPI signals rising inflation and raises the odds of tighter monetary policy. That tends to trigger risk-off sentiment, pushing volatile assets like crypto lower.

However, a lower CPI reading points to cooling inflation, primarily fueling optimism around looser financial conditions. In most cases, that’s a green light for crypto to rally.

Since the latest CPI inflation data came in lower than expected, even with a slight uptick, one would expect XRP’s price to catch a bid. Instead, the cryptocurrency’s value slid by 2.6% while trading at $2.25.

From a technical standpoint, XRP’s daily chart shows the price still locked in a symmetrical triangle — a pattern that has been forming since January 21.

This setup indicates prolonged consolidation and indecision, with neither bulls nor bears taking control.

So, until a decisive breakout or breakdown occurs, XRP will likely remain range-bound. A closer look at the chart reveals strong support for XRP at $2.09, while notable resistance levels sit at $2.59 and $2.94.

Meanwhile, the MACD hovers near the zero line, signaling a lack of clear momentum in either direction.

If this trend holds, XRP’s price may stay trapped in consolidation, caught between key support and resistance with no catalyst to force a breakout.

XRP Price Prediction: Stalemate to Continue

Despite its recent sideways action, XRP trades within an ascending channel on the 4-hour chart. However, the price is now hovering near the channel’s lower trendline, raising the risk of a breakdown below key support at $2.20.

The Awesome Oscillator (AO) is flashing red bars, hinting at growing bearish momentum. Meanwhile, the Chaikin Money Flow (CMF) has turned negative, indicating fading buying pressure.

If this trend remains the same, XRP’s price could slide toward $2.06, and if selling intensifies, a break below $2 becomes increasingly likely.

Conversely, a rebound in the CMF could signal renewed accumulation, potentially propelling XRP back toward $3.