Ripple (XRP) increases in tandem with the broader cryptocurrency market, trading above $2.45 on Friday. Market participants anticipate volatility following the release of the US Consumer Price Index (CPI), which showed that inflation is rising, but at a slightly slower pace than market forecasts.
Meme coins such as Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) are at risk of steeper corrections as the broader cryptocurrency market weakens. The pullback over the last three days has driven the top meme coins to a cliff as support levels turn to lines in the sand.
Bitcoin (BTC) faces increasing volatility, falling below $112,000 on Tuesday. Altcoins, including Ethereum (ETH) and Ripple (XRP), are extending losses alongside BTC, with ETH trading around the $4,000 level and XRP below the $2.50 short-term resistance.