The crypto market roared to life following the latest U.S. CPI report, which showed inflation easing slightly in February. Bitcoin surged to $84,000, Solana jumped past $127, and XRP spiked above $2.20, as traders piled into risk assets following the data release.
This comes after yesterday’s volatile session, during which BTC briefly dipped to 76,500 before recovering. The CPI print has fueled bullish sentiment, but is this rally sustainable, or are we looking at another short-lived pump? Let’s break down the technical outlook for BTC, SOL, and XRP post-CPI to help us determine if the rally will last or is this just another short-lived pump.
Bitcoin price has jumped to $84,000, marking a 1% surge in just 10 minutes, directly fueled by the post-CPI risk-on sentiment, as traders bet on earlier Fed rate cuts. However, BTC is still facing strong resistance ahead.
Bitcoin Price now: $84,000
24H Change: +1%
If BTC holds $82,500, it could push towards $85,500-$88,000. A break below $80,000 would shift sentiment bearish.
Solana outperformed the market, surging past $127 as investors rushed into altcoins post-CPI data. The Fed’s potential pivot could boost risk assets, making SOL one of the biggest beneficiaries.
Solana Price now: $127
24H Change: +3.5%
If Solana clears $139, it could rally toward $151-$163. Below $112, bearish pressure could increase.
XRPUSD followed the broader market rally, spiking to $2.20 as traders bet on easing inflation and potential Fed rate cuts. While XRP remains below key resistance, its post-CPI strength could fuel further gains.
XRP Price now: $2.20
24H Change: +2.1%
XRP must hold $2.11 and break $2.47 to confirm a bullish reversal. A drop below $1.94 could trigger further declines.
The post-CPI market reaction has fueled a strong recovery in Bitcoin, Solana, and XRP, with traders betting on early Fed rate cuts. While cooling inflation is bullish, macro risks and resistance levels remain key hurdles.
For now, the crypto market is showing strength, but will this rally hold, or is another correction lurking?
This post was last modified on Mar 12, 2025, 14:27 GMT 14:27