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XRP's Price Hovers on Crucial Line Amid Potential Impact of U.S. CPI Data and LBRY Lawsuit Loss

XRP's price is currently at a critical point that will determine whether it will break out or experience a sell-off. While Bitcoin and Ethereum are experiencing gains, XRP is only up by 0.1%.

The upcoming release of the U.S. Consumer Price Index (CPI) data could have an impact on the market, and if the CPI falls within the expected 3% range, risk assets like XRP may experience a rally.

However, Ripple's recent loss in the LBRY lawsuit against the SEC could complicate matters, and traders should monitor the Moving Average Convergence Divergence (MACD) indicator and Money Flow Index (MFI) for potential buy signals.

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