Upcoming inflation data could awaken 'sleeping giant,' propelling XRP price higher
According to Evai CEO Matthew Dixon, the upcoming consumer price index (CPI) report, which is set to be released on May 15, could end up awakening the "sleeping giant" that could propel the price of the XRP cryptocurrency much higher.
A weaker-than-expected CPI reading is expected to be a major bullish catalyst for the token. At press time, XRP is changing hands at $0.5056 after peaking at $0.5217 earlier today. Dixon has predicted that the price of the Ripple-affiliated token could end up surpassing the $0.6 level later this month.
