XRP Price Prepping For $23 Per Token As California Government Partners With Ripple

• XRP price struggles to surpass the $3 mark decisively, but technical analysts predict its significant push between $4.80 and $23 if it eventually breaks out of that level.
• Ripple partnered with the California government to integrate its tech to improve government processes and infrastructures.

XRP Price Aiming for $12 to $23

Ali Martinez, a popular technical analyst on X, believes XRP is due for a price rally above its all-time high at $3.84. The token’s breakout from a $3 resistance within a horizontal parallel channel and closing within that level suggests a $4.80 top.

Meanwhile, Egrag Crypto, another technical reader on the social media platform, observed that XRP has been building momentum toward targets above Martinez’s forecast. He based his analysis on the mid-cycle trends of the token’s previous bullish breakouts to establish his projection.

From there, the analyst predicted that XRP could rise between $12 (minimum) and $23 (maximum) if it overcomes the $3.65 resistance, which he called the “Valhalla Gate key.” It’s unclear what the term means, but he might be referring to the magnificent hall in Norse mythology, where Odin welcomes warriors with eternal feats and combat. In degens’ terms, the context can be likened to the price of the asset mooning to astronomical levels.

ADVERTISEMENTIn the last 24 hours, XRP price hovered from a $2.83 low to a $2.94 high. Hence, the token has to gain significant traction to breach the $3.65 zone.

California Governor Newsom Confirms Ripple Project

One big update that could reinforce the mindblowing targets of the technical analysts is the growing adoption of the XRP Ledger (XRPL) through Ripple’s strategic partnerships with private and government institutions. On Tuesday, the official website of the California government confirmed a meeting between Governor Gavin Newsom and Ripple executives last June 6. The event held at the Ripple headquarters also included representatives and leaders from the government, fintech, academe, civil society, and artificial intelligence (AI) sectors. It included AME Cloud Ventures, Anduril, Coinbase, and Moonpay.

The California government expected the meeting to bolster the collaboration between policymakers and experts from various sectors. It also aimed to identify and solve the systemic inefficiencies in government processes, services, and technology by embracing innovation and transparency. To reinforce its push toward its goal, Newsom signed an executive order (EO) on Tuesday to improve the delivery of government services by agencies and departments in his administration.

ADVERTISEMENT“The Golden State continues to lead in efficiency, strategically implementing technologies and practices that make Californians’ lives better,” said Newsom. “As the birthplace of modern tech, our state is uniquely positioned to bring the best and the brightest together to advance our work.”

“We will not shy away from progress but embrace it for the benefit of all Californians, including our state workforce,” he added.

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