🔥 Upcoming Inflation Report Could Be a Catalyst for XRP Price to Increase Sharply!

Upcoming Inflation Report Could Awaken the "Sleeping XRP Giant", Fueling Massive Price Rally

The cryptocurrency market is always highly sensitive to important economic data and reports. According to Matthew Dixon, CEO of Erai, the upcoming Consumer Price Index (CPI) report scheduled for release on May 15th could become the catalyst to awaken the "sleeping giant" XRP, pushing the prices of this cryptocurrency to new heights.

Dixon believes that if the CPI data comes in weaker than expected, it will pave the way for a powerful XRP price rally. Currently, analyst forecasts predict a 0.3% increase in CPI this Wednesday. However, a lower-than-expected figure would benefit high-risk assets such as major altcoins, including XRP. Dixon even predicts that Ripple's price could surpass the $0.6 level by the end of May.

The outlook for sharply declining inflation in the economy is also shared by other prominent experts. Recently, renowned cryptocurrency investor Tom Lee forecasted that inflation will decrease significantly in the second half of this year, even believing that this could ultimately push Bitcoin up to $150,000.

With Bitcoin's spill-over effect on the entire market, the prospect of declining inflation, coupled with signs of strength in XRP, this potential giant could soon awaken and become more formidable than ever before, delivering substantial profits to investors.$XRP