XRP, that most enigmatic of digital coins, has once again performed a “golden cross”-a mystical event that, according to some, signals the arrival of the crypto apocalypse, or at least a 5% rise. The cosmos, ever the prankster, has also delivered a February CPI report that was “in line with economist forecasts,” which is to say, about as exciting as a teapot on a desert island.
The Bureau of Labor Statistics, that paragon of bureaucratic drama, reported a 0.3% monthly inflation spike, bringing the 12-month rate to 2.4%. The Federal Reserve, meanwhile, continues to chase a 2% target like a dog chasing a car it’s not sure it wants to eat. The market, ever the optimist, now expects no rate cuts from the Fed, which is like expecting a dragon to nap in a library.
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.…
– 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. The Fed, that enigmatic central bank, is now more elusive than a sock in a washing machine.
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. The Fear and Greed Index, that fickle friend of traders, has been more reliable than a squirrel with a spreadsheet.
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. XRP, that capricious creature, seems to have the attention span of a goldfish with a caffeine addiction.
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. The market, that eternal jester, is now more predictable than a toddler with a crayon.
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. The $1.39 level, that stubborn barrier, is as unyielding as a brick wall with a PhD.
In recent development, Ripple is obtaining an Australian Financial Services License. This remains significant in its push to bridge TradFi with the next gen of digital infrastructure, with regulatory compliance being the focus. Regulatory compliance, that holy grail of the crypto world, is now the focus, as Ripple tries to convince the world that it’s not just a bunch of digital wizards with a spreadsheet.
Ripple now has more than 75 regulatory licenses around the world, making it one of the most licensed crypto companies. One might say it’s more regulated than a library with a no-reading policy.
Read More
- Gold Rate Forecast
- Brent Oil Forecast
- SOL’s Sky-High Gambit: ETF Dreams or a Crypto Mirage?
- STRK Skyrockets: Bitcoin Staking Turns Starknet into a Circus of Gains! 🎢💰
- SUI PREDICTION. SUI cryptocurrency
- Chainlink Soars, BNB Chain Joins the Party! What’s Next for LINK?
- Silver Rate Forecast
- EUR HUF PREDICTION
- MemeCoin Madness: How M Became the Market’s Favorite Darling (Until It Isn’t)
- Metaplanet Makes Bitcoin More ~Billionaire~y! 🤑
2026-03-11 19:08