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XRP struggles around $2.83 as US employment data impacts rate cut outlook
[Coin World] XRP is struggling near the support level of $2.83, as initial jobless claims in the U.S. fell to 218,000, below the expected 235,000, indicating a strong labor market. Mixed economic data complicates the Fed's interest rate cut outlook, and XRP has dropped 8% since September 17. Technical indicators show bearish momentum, with an RSI of 43 and MACD maintaining a sell signal. The crypto asset faces resistance at $2.94, and investors are awaiting the personal consumption expenditure (PCE) data to look for clues on monetary policy.