Will the Inflation Report Impact XRP Price?

The upcoming U.S. inflation report may have a significant impact on XRP price predictions. Analysts anticipate a CPI rise to 3.1%, a level not seen in almost a year and a half, driven by increasing consumer prices. Combined with the Federal Reserve’s plan to cut interest rates despite rising prices, this dynamic presents an unusual trading environment for XRP. Let’s explore how this inflation report could influence XRP’s price trajectory and chart patterns.