XRP Golden Cross Forms After February CPI at 2.4% as Traders Watch Key Price Levels

On Wednesday, XRP's hourly chart recorded a golden cross as the 50 MA moved above the 200 MA while February CPI data showed a 0.3% monthly rise and a 2.4% annual inflation rate. XRP traded around $1.39 after rebounding from $1.37 to an intraday high of $1.41, with traders eyeing $1.61 on the upside and $1.27 as the next support. Ripple is also working to secure an Australian Financial Services License, adding to its more than 75 regulatory approvals globally.