Why XRP Is Soaring Today
Since Friday afternoon, the price of XRP (CRYPTO: XRP) has traded over 5% higher, as of 10:10 a.m. ET today. Cryptocurrencies appeared to gain momentum following positive economic data Friday and news on the geopolitical front.
The closely watched Consumer Price Index (CPI) rose less than most economists expected in September. The CPI rose 0.3% from August and 3% year over year, 10 basis points (0.1%) lower than consensus estimates. Core CPI, which excludes more volatile food and energy prices, increased 0.2% from the prior month and also came in 3% higher year over year, also slightly lower than expected.
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Source Fool.com
