- Hot PPI print lifts macro pressure as XRP heads into a crucial CPI release today.
- $13M+ in long liquidations shows leveraged bulls caught offside during the sell-off.
- CPI data now becomes the key trigger for XRP’s next short-term direction.
XRP is under pressure heading into one of the most consequential macro releases of the month. Yesterday’s hotter PPI print rattled markets, and today’s CPI report could determine whether the pullback deepens or reverses.
PPI Data Sets a Cautious Tone
Thursday’s Producer Price Index report came in hotter than expected on the headline number, with PPI rising to 5.4% year-over-year against a 5.3% forecast. Core PPI climbed to 4.6% annually, its highest reading since June 2026, though on a monthly basis, core PPI actually rose just 0.2%, below the 0.3% economists expected. That divergence left the Fed outlook uncertain, preventing a clear shift in rate expectations.
Long Traders Take the Hit, ETF Demand Cools
The move has triggered a sharp, one-sided liquidation event. Over the past 24 hours, $13.40 million in XRP positions were wiped out, with long positions accounting for $13.01 million of that total; shorts made up just $390,380 by comparison. The imbalance has only sharpened in shorter windows: in the past hour, liquidations were entirely short-side, while the 4-hour and 12-hour windows both show longs absorbing over 97% of the damage. That pattern points to leveraged bulls getting caught offside as price slipped, rather than a broad-based unwind across both sides of the market.
Despite yesterday’s hotter-than-expected PPI print, spot XRP ETFs still recorded $5.14 million in inflows, entirely driven by Franklin’s XRPZ fund. The continued inflows suggest institutional demand for XRP remains intact despite weakening short-term sentiment.
What Today’s CPI Print Could Mean for XRP
Markets are pricing in headline CPI at roughly 3.3–3.4% year-over-year and core CPI near 2.4%, against last month’s readings of 3.4% and 2.5%, respectively. How the actual print compares to those expectations will likely set XRP’s near-term direction:
- In line with expectations: A print matching consensus would likely produce a muted reaction, with XRP staying rangebound as traders wait for clearer signals from the Fed’s response rather than the data itself.
- Below expectations: A cooler-than-expected print would ease pressure on rate-hike odds and could spark a relief rally, giving XRP room to reclaim the $1.40–$1.43 zone.
- Above expectations: A hotter print would compound yesterday’s PPI-driven selling, raising the risk of a decline to the $1.26 region.
Taken together, XRP enters CPI day in a defensive posture, leveraged longs already thinned out by yesterday’s liquidations, but underlying ETF demand is still positive. Today’s print is likely to decide which of those two forces wins out in the short term.
Related: XRP Drops After Hot PPI Triggers Heavy Long Liquidations
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
