Ripple: Intraday Consolidation Is Pointing Higher

US CPI came above the expectations, which cause some USD strength as US yields moves to 2%, but the buck did not rally much. Flows quickly slowed down, most likely because inflation is not a surprise anymore so data is already priced in the markets.

At the same time, cryptos did not see much sell-off. Looking at ripple, it can be a fourth wave consolidation with more upside potential while the market is above 0.6880.

Grega