"Inflation is not scary"...XRP aims for $1.35, breaking through energy price surges

▲ XRP/ChatGPT generated image

XRP is demonstrating strong price recovery resilience, overcoming macroeconomic pressures from the US Consumer Price Index announcement and attempting to break through the $1.35 resistance level.

According to U.Today on April 11 (local time), XRP is securing stable upward momentum by absorbing the impact of rising energy prices amidst inflation concerns. Investors are noting the potential for further XRP gains as risk asset preferences revive after the release of price indicators.

From a technical perspective, XRP is currently testing a strong sell wall formed around the $1.35 level. It is maintaining a bullish trend by forming prices above major moving averages, and the Relative Strength Index (RSI) is also at an appropriate level before entering the overbought zone. If XRP definitively breaks through and settles above $1.35, it will establish a technical foundation to extend its rally to the next target of $1.50.

The overall market sentiment is rising as major cryptocurrencies, including Bitcoin (BTC), show a synchronized upward trend after the Consumer Price Index announcement. With Bitcoin maintaining the $73,000 level and acting as a market support, an environment has been created for XRP to strengthen its own independent upward momentum. Santiment data indicates that whale accumulation activity is consistently ongoing, and these movements are acting as a key factor in defending against price drops.

Market experts are giving positive evaluations to XRP's relative strength, despite inflation concerns not being fully resolved. The expanded institutional adoption of Ripple and the increased practical settlement demand utilizing the XRP Ledger support a structural price increase beyond simple speculative buying. The current price consolidation is interpreted as a process of accumulating strength before a major surge, and an explosive price breakout could occur if accompanied by increased trading volume.

XRP has overcome the volatility of macroeconomic indicators and has begun its full-fledged move to break through $1.35. With network activity and technical indicators signaling a bullish trend, investors are re-evaluating their positions, confirming whether it settles above key resistance levels. The cryptocurrency market is expected to enter a new phase, depending on the continuation of the relief rally provided by price indicators and differentiated market conditions for each asset.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*