Crypto markets stalls before inflation data as XRP, SOL rebuffed from key price levels
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- Bitcoin's rally stalled around $80,000‑$82,000 as the market awaits the April U.S. CPI report.
- April CPI is median‑estimated at 3.7% YoY, up from 3.3% in March, the largest rise since Jan 2024.
- Trump described the US‑Iran ceasefire as “unbelievably weak”, adding geopolitical tension to the inflation outlook.
- XRP briefly tested $1.50, a resistance level where breakouts have repeatedly been short‑lived since February.
- U.S.-listed spot XRP ETFs attracted $25.8 million in inflows on Monday, the strongest weekly inflow since early January.
Why it matters: Institutional investors benefit from $25.8M inflows into XRP ETFs, while crypto traders risk a pull‑back if the CPI’s 3.7% rise fuels broader market volatility, potentially dragging Bitcoin and altcoins lower.
