XRP price prediction: Can CPI data spark a rebound above $2.60? 📈
XRP is currently trading at approximately $2.45, maintaining a steady pace as traders keenly anticipate new U.S. inflation data. The upcoming Consumer Price Index (CPI) report has the potential to significantly impact market dynamics, particularly influencing risk assets like XRP. Should the CPI data reveal favorable conditions, it might provide the necessary momentum for XRP to break past the $2.60 mark.
This development could chart the course for risk assets through the end of the month. Traders remain cautious but hopeful for a rebound above $2.60, assessing the ripple effects of the impending inflation disclosures.
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