XRP Golden Cross Setup on Chart Following Sticky CPI Release, What Now?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. XRP completed a "golden cross" on its one-hour chart as investors considered a sticky February inflation report on Wednesday. Advertisement Wednesday's February CPI report was in line with economist forecasts, up 0.3% on a month-to-month basis, putting the 12-month inflation rate at 2.4%, according to Bureau of Labor Statistics data. Both numbers matched the Dow Jones consensus forecast and remained above the Federal Reserve’s inflation target of 2% to reach price stability. The annual inflation rate in the US held steady at 2.4% in February 2026, unchanged from January, in line with expectations and remaining at its lowest level since May 2025. On a monthly basis, core CPI increased by 0.2%, less than 0.3% in the previous month.… pic.twitter.com/RbfuqBEv82 — Wu Blockchain (@WuBlockchain) March 11, 2026 The February U.S. inflation data seems to reinforce market expectations of no Fed rate cuts at either the upcoming March or April policy meetings. Advertisement You Might Also Like Sun, 03/08/2026 - 15:44 XRP Completes 2-Hour Golden Cross, Price to Rebound? By Tomiwabold Olajide HOT Stories Ripple Cofounder Jed McCaleb Named on Forbes Rich List, Shiba Inu (SHIB) Has Chance to Break $3.5 Billion Price Threshold, Bitcoin Miner MARA Starts Selling BTC: Morning Crypto Report Ripple to Bag Crucial Australian License On the hourly chart, the 50 MA crossed above the 200 MA early Wednesday, indicating a "golden cross. The technical signal comes as sentiment slowly improves on the crypto market, with the Fear and Greed index now at 24/100 or "fear" after more than a month of being stuck in the "extreme fear" zone. What's next for XRP price action? The XRP price consolidated shortly after the golden cross before it began to rise from a low of $1.37 to reach an intraday high of $1.41 before retreating. Advertisement XRP/USD Hourly Chart, Image By: TradingView At the time of writing, XRP remained down 1.70% in the last 24 hours to $1.39 as the broader crypto market reversed earlier gains. XRP has been traded sideways near $1.39 for several days, indicating that buyers continue to exert pressure. A sustained break above $1.39 might cause XRP to target $1.61 next, while a drop might reach the next support at $1.27. In recent development, Ripple is obtaining an Australian Financial Services License (AFSL). This remains significant in its push to bridge TradFi with the next gen of digital infrastructure, with regulatory compliance being the focus. Ripple now has more than 75 regulatory licenses around the world, making it one of the most licensed crypto companies. #XRP News #XRP #XRP Price Prediction