XRP extended its recent recovery on Friday, Feb. 14, rising more than 4% on the day and reaching its highest price level in over a week. The move marked a strong rebound of over 30% from its year-to-date low of $1.1145, as improving market sentiment lifted major digital assets across the board.
The rally in XRP closely tracked gains seen across the broader crypto market. Bitcoin climbed back toward the $70,000 level, while several altcoins posted sharper moves. Assets such as Zcash, Morpho, and Pippin surged by more than 20%, highlighting a renewed appetite for risk among traders. As a result, total crypto market capitalization rose over 3.4% to exceed $2.38 trillion.
Market participants largely attributed the positive price action to recent U.S. macroeconomic data, which strengthened expectations that monetary conditions could ease further this year. The latest CPI report showed headline inflation slowing to 2.4% year-over-year in January, down from 2.6% in December. Core inflation, which excludes food and energy prices, held steady at 2.5%, aligning with market forecasts.
These figures have reinforced the view that inflation remains under control, increasing speculation that the Federal Reserve may have room to implement additional interest rate cuts in the coming months. Lower interest rates typically support risk assets, including cryptocurrencies, by improving liquidity conditions and reducing the opportunity cost of holding non-yielding assets.
Meanwhile, the data suggested that recent trade policies and tariffs have not significantly pressured inflation levels, easing concerns about renewed price instability. This macro backdrop provided a supportive environment for digital assets, allowing XRP and other major cryptocurrencies to extend their gains.
XRP’s advance reflects broader market momentum driven by macroeconomic developments rather than token specific news. With inflation trends stabilizing and expectations for looser monetary policy building, crypto market have shown renewed strength heading into the middle of February.