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XRP's hourly chart shows a death cross, with the 50-day moving average falling below the 200-day moving average. Affected by the overall cryptocurrency sell-off, this token has dropped 8.07% within 24 hours. The Producer Price Index (PPP) unexpectedly rose by 0.5%, far exceeding expectations, which heightened market concerns and led to over $515 million in liquidations. Support is at $1.11, and the hourly Relative Strength Index (RSI) is at 18, indicating XRP is in an oversold condition. Additionally, Flare announced the launch of smart accounts for XRP holders, allowing them to earn DeFi yields directly from XRPL wallets.