Maxi analyst predicts XRP growth to $ 5

A cryptocurrency market analyst known as Maxi points out that the XRP chart XRP $2.81 XRP -0.15% Market capitalization $166.86 billion VOL. 24 hours $0.14 billion is forming a classic bullish pennant, a bullish continuation pattern that appears after a sharp price increase followed by a short consolidation in the form of a symmetrical triangle. According to him, current trading volumes and XRP price dynamics are consistent with this pattern: the flagpole phase was accompanied by high buyer pressure, while consolidation is occurring with a decrease in seller pressure, indicating the potential for a new upward momentum.

The analyst calls $ 3.10 the key level for further growth. A breakout of this zone could provide XRP with a steady upward trend. As of the time of writing, XRP was trading at $ 3, according to CoinGecko.

The macro environment also plays in favor of the positive scenario: the level of funding is almost zero, which indicates low speculative pressure and relative price stability. This creates preconditions for an upward movement, provided that institutional investors remain interested.

Meanwhile, XRPL (XRP Ledger) may receive a strategic boost from a new initiative by the US government. Commerce Secretary Howard Latnick announced that the department will start publishing official economic indicators, including GDP data, on the blockchain. The goal is to ensure transparency, security, and easy access to government statistics.

Since XRPL is characterized by high throughput, low transaction costs, and energy-efficient consensus, it is well suited for this task. This can emphasize its suitability for use at the level of government systems and set a new global standard for data transparency. As a result, XRP finds itself at a critical juncture: on the one hand, technical analysis signals a potential breakout with a $ 5 target, and on the other hand, fundamental factors related to governmental blockchain integration are building confidence in its ecosystem.