XRP (XRP) remains the best-performing asset in the top 5 with a 36% gain, as the crypto market keeps struggling to reignite its latest rally amid ongoing macroeconomic woes. This week, inflation data in the United States stood near the market's projections for August, with a 3.4% 12-month increase. Even though month-on-month inflation surpassed analysts' estimates by 20 basis points, the market reacted with a strong rally shortly after the report was released. This was a counterintuitive move, considering that the odds of a rate hike in September surged to 87%. Multiple tokens broke above key resistances, but failed to hold on to those gains later in the session. This turned out to be a "fakeout" and bulls seem to have been trapped as a result.
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