Will XRP Break Its Downtrend as Inflation Cools Slightly?

Recent U.S. Consumer Price Index (CPI) data has provided insight for the cryptocurrency market, particularly XRP. With inflation coming in at 3% in September—still high but a touch below expectations of 3.1%. This slight deviation eased fears of a faster interest rate hike by the Federal Reserve and injected some optimism into risk assets. The resulting price chart for XRP shows signs of recovery, with the token attempting to break through key resistance after weeks of decline.