XRP price prediction: Can buyers defend $1.03 after CPI selloff?

XRP price prediction: Can buyers defend $1.03 after CPI selloff?
Oversold RSI supports rebound hopes

​XRP remains under pressure as the macroeconomic backdrop deteriorates. Rising U.S. Treasury yields and another wave of forced liquidations are weighing on crypto, although technical indicators are moving closer to levels that could support a short-term rebound.

XRP price prediction
24H -3.27%
$0.9216
48H -6.71%
$0.8889
7D -20.29%
$0.7595
1M -20.2%
$0.7603
3M -50.62%
$0.4705
6M -64.43%
$0.3389
12M -28.7%
$0.6793
Current price: $0.9528 -0.0021 0.22%
Real-time Data 18:59
Daily range 0.8992 Arrow from to Icon 0.9794
Weekly range 0.8930 Arrow from to Icon 1.1264
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The crypto market sold off sharply on November 10 following the release of the October U.S. CPI report. According to official BLS data, consumer prices rose 0.4% month over month versus a 0.3% forecast, while core inflation came in at 0.3% compared with expectations of 0.2%.

As expectations of a Federal Reserve rate hike increased, the 10-year U.S. Treasury yield briefly moved above 5%. Yields at these levels make government bonds a more attractive alternative to risk assets.

The selloff was accompanied by heavy liquidations. According to the provided 24-hour CoinGlass snapshot, $739.93 million in positions were forcibly closed, with $584.50 million coming from longs.

Oversold RSI puts potential XRP rebound toward $1.152 in focus

XRP failed to hold key support at $1.184 and fell toward the previously identified $1.118 target. The correction then extended further, with the price testing $1.031.

A short-term rebound toward $1.152 could develop from this support if a doji candle forms on elevated trading volume. RSI (14) is already in oversold territory, which may help limit further downside and create conditions for a recovery attempt.

A break below $1.031 followed by a sustained move lower would invalidate this scenario. In that case, XRP could retest the August low near $0.988, with further selling potentially accelerating the decline toward $0.955.

High bond yields complicate XRP's recovery prospects

Higher U.S. Treasury yields are changing the backdrop for the crypto market. Reuters noted that hotter-than-expected inflation reinforced expectations of further Federal Reserve tightening, while the 10-year Treasury yield ended the session near 4.99%.

Under these conditions, even a technical rebound in XRP could prove short-lived. A more sustainable recovery would likely require easing pressure in the bond market and a return of buying demand for risk assets.

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