Ripple’s native token XRP has dropped below the $1.10 support level after pausing its recent rally, with traders weighing improving macroeconomic conditions against weak institutional demand. Although easing US inflation has boosted risk sentiment across financial markets, XRP continues to face resistance as retail participation remains modest and spot exchange-traded fund (ETF) inflows slow. Cooling US inflation supports risk assets Investor sentiment improved after the US Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) fell 0.4% month-over-month in June on a seasonally adjusted basis, marking the largest monthly decline since April 2020. Lower inflation has strengthened expectations that financial conditions could become more supportive for risk assets, including cryptocurrencies.
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