Market Analysis
SOLUSD midweek: holding 76.17 and range-bound, week of 2026-08-10
SOLUSD sits at 76.17 midweek, up modestly from Monday's open, with a tight Wednesday range and long-skewed positioning.
2 min readXRPUSD closed Wednesday at 1.0197, down from Monday's open of 1.0268, a slip of about 71 pips on the week so far. The high across the three sessions is 1.0384, printed Monday, and the low is 0.9889 from Tuesday's flush. Price has clawed back most of Monday's damage and now trades in a tight band just above parity.
Monday opened firm and then sold off hard into the 1.0025 to 0.9889 zone, with Tuesday's low undercutting the psychological 1.00 handle before buyers stepped back in. No high-impact data landed in those two sessions, so the move read as position squaring ahead of the US inflation block rather than a reaction to any single print. Tuesday's recovery close at 1.0202 set the base that Wednesday has been defending.
US CPI at 12:30 Wednesday is the main event left this week. Core CPI m/m is forecast at 0.2% against a flat 0.0% prior, and headline CPI y/y is seen at 3.4% versus 3.5% previously. If the print runs hot and the dollar bids, risk assets like XRPUSD tend to feel the squeeze and the 1.00 handle comes back into focus. A soft print that eases dollar pressure would leave room for a push back toward Monday's 1.0384 high. The second read comes Thursday with US PPI at 12:30, where Core PPI m/m is forecast at 0.3%, a confirmation or contradiction of the CPI story.
As of Wednesday, LHFX sentiment shows 69.4% of open positions long and 30.6% short. That is a heavy long skew midweek, telling you consensus is leaning for a recovery back through the week's upper range. A crowded long book also means a hot CPI could force faster liquidation if 1.00 gives way.
Watch 1.02, the level XRPUSD has been circling since Tuesday's close. Hold above it through the CPI reaction and the 1.0384 high from Monday is the next reference. Lose 1.00, the round number Tuesday already tested at 0.9889, and the recovery thesis is on the back foot. Traders eyeing correlated moves can watch Bitcoin for the broader risk tone, then open an LHFX account to trade the CPI reaction as it happens.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
