XRP shrugs off hotter CPI and clings above $1.35

XRP edged up 0.75 % to $1.3664 after the hotter-than-expected August CPI print. The token defended the $1.35 line while lagging behind Bitcoin and Ether.

US consumer prices rose 0.4 % last month versus 0.1 % in July, pushing the odds of a Fed rate hike next week to 90 %. Equities climbed and crypto stayed cautious.

Price action sits in a tight whipsaw between the 20-day EMA at $1.3586 and the 200-day at $1.3548, with RSI at 53.76. Liquidity clusters at $1.50–1.80, yet a deeper pocket of bids rests near $0.98.

Spot XRP ETFs took in another $18.98 million last week, lifting cumulative inflows to $1.7 billion and active holdings to $1.45 billion.

Based on information from https://cryptonews.net