Bitcoin

Top 3 Altcoins to Track Following US CPI Rise

Altcoins show renewed resistance as a result of the latest US data from the IPC, which revealed a sweet increase in inflation of 0.1% in May. XRP, hyperliquid (hype) and virtual (virtual) protocol are three tokens gaining momentum while investors move to high -level games in a stable rate environment.

XRP rides the bitcoin bullish wave, the media continues to dominate the perpetuated market with record, and virtual income leads the story of the AI ​​after launching its first native agent Ethereum. With the return of risk appetite and capital rotation in strong stories, these altcoins are ready to benefit from it if the dynamics hold.

Xrp

The strong correlation of 0.91 from XRP with Bitcoin suggests that it could benefit from the BTC movement around $ 110,000, in particular in light of the latest US data from the IPC showing an increase in inflation of 2.4%, which was lower than expected.

“Despite all the forecasts of misfortune and sadness, we are now almost halfway through the year and the genius of inflation remains contained in its bottle. The IPC report today confirms it – inflation is not as bad as everyone had feared it, and risk assets will love this confirmation.” – Nick Purin, crypto analyst, investor and founder of the Pieces office, told Beincrypto.

With interest rate drops, it is now unlikely in the short term, market conditions seem stable enough to further support the feeling of risk, giving altcoins like the XRP room to climb.

XRP already displays a bullish momentum, with its RSI seated above neutrality and the purchasing pressure building. If he can break the resistance of $ 2.35, he could rally at the next key around $ 2.48.

XRP price analysis.
XRP price analysis. Source: tradingView.

This momentum is also supported by increasing institutional growth. Companies such as Webus and Vivopower build large XRP reserves, not for speculation but for public services, competing for the role of XRP in fast and low -cost cross -border payments and the expansion ecosystem of Ripple.

The integration of RUSD, the stablecoin of Ripple, adds additional credibility to the PMRS payment potential, especially since each Rlusd transaction consumes XRP.

Although risks such as volatility and low decentralization of validators remain, a rupture greater than $ 2.35 could strengthen the increasing narrative of XRP and feed an additional advantage in the current macro environment.

Hyperliquid (hype)

The hyperliquid (hype) is well positioned to benefit from the current macro-configuration, inflation increasing modestly and rate reductions for the moment, conditions which often encourage the feeling of risk through altcoins.

Media threshing has already been traded at peaks of all time for several days, and with Bitcoin pushing nearly $ 110,000, the rotation of capital in very efficient altcoins such as beateering could accelerate.

Supported by a dominant market share in the perpetuated sector, from $ 50 to 75 billion in weekly negotiation volume and nearly $ 65 million in monthly income, Hyperliquid has established itself as one of the most profitable platforms of crypto – only second to attach and circle in the last 30 days.

Analysis of media threshing prices.
Analysis of media threshing prices. Source: tradingView.

Technically, the beaten media remains optimistic. It currently holds above $ 40 with short-term EMAs trendy above long-term indicators, and Momentum indicators like RSI and Bbtrend refer to stabilization after a short recharge period.

If this trend is continuing, the media threshing could soon break the resistance of $ 45 and potentially test the level of $ 50 for the first time.

The recent token list on the American binance – and increasing speculation around a full list of the Binance – adds more fuel to the story, placing the media in high position to extend its rally.

Virtual (virtual) virtual protocol

While investors are looking beyond Bitcoin for high-level opportunities, Virtual stands out because of its role in the launch of decentralized AI agents on Ethereum, Base and Solana.

The recent launch of IRIS – The first agent of AI entirely integrated into Ethereum Layer 1 and developed in collaboration with Nethermind – ADD an important technological credibility.

Analysis of virtual prices.
Analysis of virtual prices. Source: tradingView.

With Ethereum.org recognizing the launch and indicating that “Ethereum is for AI”, Virtual is now at the forefront of the Ai-Un-Chain movement, which makes it particularly attractive during risk rotations.

The recent token performance reflects this momentum: Virtual has increased by almost 25% in the last seven days, making it the largest winner among the main AI tokens.

Technical indicators support the increase more because it remains strong above the previous support areas. If the current purchase pressure continues, it could break out around $ 2.58.

Non-liability clause

In accordance with the Trust project guidelines, this price analysis article is for information purposes only and should not be considered as financial or investment advice. Beincrypto is committed to exact and impartial reports, but market conditions are likely to change without notice. Always carry out your own research and consult a professional before making financial decisions. Please note that our terms and conditions, our privacy policy and our non-responsibility clauses have been updated.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button