XRP News Today: XRP Traders on Edge as U.S. Inflation Cools and Ripple’s CLO Praises New Bill
The post XRP News Today: XRP Traders on Edge as U.S. Inflation Cools and Ripple’s CLO Praises New Bill appeared on BitcoinEthereumNews.com. XRP News — As XRP price hovers near critical support levels, traders are navigating heightened volatility driven by macroeconomic shifts and evolving regulatory landscapes. While U.S. inflation data signaled a cooling trend, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, called the introduction of a new bipartisan crypto bill “a big step forward,” offering hope for the embattled crypto sector amid ongoing uncertainty around the XRP lawsuit. U.S. Inflation Cools but Fails to Stabilize XRP Price On May 30, the U.S. Bureau of Economic Analysis reported a drop in the Core Personal Consumption Expenditures (PCE) Price Index to 2.5% annually for April—its lowest level since March 2021. This signals easing inflation, down from March’s 2.7%. Despite this development, broader market sentiment remains fragile. Ripple (XRP) was trading at around $2.14, down 2.92% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin XRP traders were rattled by a federal court’s decision to pause a ruling that previously blocked the implementation of President Trump’s proposed tariffs. The temporary reinstatement of tariff uncertainty added to investor caution. As a result, XRP price extended losses, sliding to $2.17, down from a recent high of $2.65. Liquidations followed swiftly. Over the last 24 hours, nearly $30 million in leveraged positions were wiped out—$29.75 million from longs alone—highlighting extreme market stress. According to CoinGlass data, XRP derivatives saw a 10% drop in Open Interest alongside a 42% jump in trading volume, indicating that volatility is far from over. Ripple’s CLO Praises New Crypto Bill Amid Ongoing XRP SEC Dispute As price pressure mounts, Ripple’s top legal executive, Stuart Alderoty offered a contrasting note of optimism. Posting on X (formerly Twitter), Alderoty lauded the Digital Asset Market Clarity Act, a bipartisan bill introduced by a group of U.S. lawmakers. He…
The post XRP News Today: XRP Traders on Edge as U.S. Inflation Cools and Ripple’s CLO Praises New Bill appeared on BitcoinEthereumNews.com.
XRP News — As XRP price hovers near critical support levels, traders are navigating heightened volatility driven by macroeconomic shifts and evolving regulatory landscapes. While U.S. inflation data signaled a cooling trend, Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, called the introduction of a new bipartisan crypto bill “a big step forward,” offering hope for the embattled crypto sector amid ongoing uncertainty around the XRP lawsuit. U.S. Inflation Cools but Fails to Stabilize XRP Price On May 30, the U.S. Bureau of Economic Analysis reported a drop in the Core Personal Consumption Expenditures (PCE) Price Index to 2.5% annually for April—its lowest level since March 2021. This signals easing inflation, down from March’s 2.7%. Despite this development, broader market sentiment remains fragile. Ripple (XRP) was trading at around $2.14, down 2.92% in the last 24 hours at press time. Source: XRP Liquid Index (XRPLX) via Brave New Coin XRP traders were rattled by a federal court’s decision to pause a ruling that previously blocked the implementation of President Trump’s proposed tariffs. The temporary reinstatement of tariff uncertainty added to investor caution. As a result, XRP price extended losses, sliding to $2.17, down from a recent high of $2.65. Liquidations followed swiftly. Over the last 24 hours, nearly $30 million in leveraged positions were wiped out—$29.75 million from longs alone—highlighting extreme market stress. According to CoinGlass data, XRP derivatives saw a 10% drop in Open Interest alongside a 42% jump in trading volume, indicating that volatility is far from over. Ripple’s CLO Praises New Crypto Bill Amid Ongoing XRP SEC Dispute As price pressure mounts, Ripple’s top legal executive, Stuart Alderoty offered a contrasting note of optimism. Posting on X (formerly Twitter), Alderoty lauded the Digital Asset Market Clarity Act, a bipartisan bill introduced by a group of U.S. lawmakers. He…
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