XRP Price Maintains Golden Cross at $3 as Rabby Wallet Integration Nullifies CPI Fears

Core Insights - Ripple (XRP) price has shown resilience, consolidating above the $3 support level despite broader market challenges, with intraday losses contained below 3% as trading volumes decreased following higher-than-expected US CPI inflation figures [1][2][4] Price Movement and Trading Volume - As of the latest update, XRP was trading at approximately $3.04, reflecting a 2% decline for the day, while spot trading volumes fell significantly by 31.85% to $4.5 billion [2] - The intraday charts indicated a mild rebound from the $3 support level during the US noon session [2] Key Developments - A significant development for XRP occurred with the announcement from Rabby Wallet regarding the integration of XRPL's EVM chain, enhancing interoperability and allowing Ethereum-based smart contracts to operate on XRPL [3][4] - This integration is expected to generate new use cases and attract increased developer interest, contributing to XRP's price stability above the $3 mark [4] Technical Analysis - Technical indicators suggest that XRP is defending the $3 threshold, with a bullish alignment known as a golden cross observed in the daily chart, indicating potential short-term momentum [5] - The Bull Bear Power (BBP 13) has turned positive since September 7, indicating a shift in market dominance towards buyers [6] - Without a significant increase in trading volume, XRP may face resistance around $3.20, which was the peak of last week's rally [6] Support and Resistance Levels - Maintaining the $3.00 level is crucial; failure to do so could lead to a retest of the 13-day SMA support at $2.94 [7] - Current conditions suggest that holding above $3, supported by the golden cross, strengthens the outlook for further price increases, contingent on stabilized trading volumes as the Federal Reserve's rate decision approaches [7] Market Trends - As major altcoins like XRP demonstrate resilience against macroeconomic pressures, emerging community-driven projects such as Maxi Doge (MAXI) are also gaining interest among traders seeking speculative opportunities [8]