XRP remains stable around $1.38 as the market focuses on US CPI data

AIcoin2026/03/12 05:19

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XRP price is fluctuating narrowly around $1.38, with market volatility compressed. Investors are focusing on the potential impact of the US Consumer Price Index (CPI) data on Federal Reserve policy expectations. Both on-chain and institutional activity remain active, with XRP Ledger daily transaction volume exceeding 2.7 million, and XRP-related investment products having assets under management of approximately $1.4 billions. Ripple has launched a $750 millions stock buyback, with its valuation approaching $50 billions. Traders are watching the price movement in the $1.35–$1.37 support zone and the $1.40–$1.42 resistance zone. AI interpretation: The upcoming US CPI data is attracting significant attention, reflecting investors' sensitivity to inflation trends. CPI data will directly influence the Federal Reserve's monetary policy direction, especially in the current economic environment, where changes in inflation will have a major impact on interest rate decisions. Market expectations for CPI will further affect the price volatility of risk assets, and investors should closely monitor market reactions following the data release.

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On October 8, Levi Strauss (LEVI.N) shares fell 1.3% in pre-market trading to $19.25 after the company reported lower-than-expected sales in the U.S. and Europe. BTIG commented: “This quarter, the European direct-to-consumer (DTC) business was hit by unusually warm weather, but as temperatures return to normal, foot traffic and sales trends have improved, maintaining a positive outlook in early Q4.” The brokerage also noted that the company remains strong in wholesale, e-commerce, and market share in jeans, but its “back-to-school” marketing campaign did not meet expectations. Benefiting from tariff refunds on Wednesday, the company raised its annual profit forecast and is betting on strong demand for its premium jeans and sweaters during the holiday season. Sixteen analysts have an average “buy” rating; the median price target is $27, according to LSEG. The stock has risen 6% year-to-date as of the previous close.

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