Ripple XRP

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) extend their losses on Wednesday as hotter-than-expected US Consumer Price Index (CPI) figures weigh on risk appetite.

Cryptocurrency prices face increasing selling pressure on Tuesday, with Bitcoin (BTC) trading below $75,000, Ethereum (ETH) edging lower toward $2,100, and Ripple (XRP) hovering beneath the immediate $1.10 cap.

Ripple (XRP), Cardano (ADA), and Solana (SOL) struggle to find their footing after last week’s decline amid a decline in institutional investors’ risk appetite.

Ripple (XRP) and Stellar (XLM) remain under pressure, trading below $1.093 and around $0.146 respectively on Tuesday as bears maintain control of momentum. In addition, weakening on-chain and derivatives metrics suggest that both XRP and XLM are at risk of a deeper correction in the coming days.

Major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), maintain a broadly corrective tone, extending losses from the previous week.

Ripple (XRP) extends its decline, trading below $1.09 on Monday after falling more than 10% last week. Weakening institutional demand adds downside pressure, as XRP spot Exchange-Traded Funds (ETFs) recorded $529,510 in net outflows last week, ending a two-week streak of inflows.