Former President Donald Trump<\/a>‘s recent statements on the lack of inflation<\/strong> could provide a new bullish momentum to the crypto market, especially to altcoins. According to the ex-US president, the cost of essential goods such as energy, gasoline, and food is decreasing<\/strong>, suggesting that inflation is no longer a threat.<\/strong> These remarks come just before the highly anticipated release of the Consumer Price Index (CPI<\/strong>) data for April, scheduled for May 13.<\/strong><\/p>\n\n\n\n The market is currently expecting an annual inflation rate between 2.4% and 2.5%<\/strong>. The Federal Reserve recently maintained its interest rates between 4.25% and 4.50%<\/strong>, a move criticized by Trump who believes that the current monetary policy is too restrictive in the face of almost non-existent inflation.<\/p>\n\n\n\n A lower than expected inflation rate could lead investors to anticipate an upcoming rate cut, thus resulting in a significant increase in investments in altcoins.<\/strong><\/p>\n\n\n\n The favourable macroeconomic environment makes some altcoins particularly attractive for May. Three of them stand out clearly: Ripple<\/a> (XRP), Pi Network (PI), and Pepe Coin<\/a> (PEPE).<\/strong><\/p>\n\n\n\n Currently, XRP is priced at $2.46,<\/strong> after a significant 8% drop in the past few hours and a local high of around $2.65.<\/strong> Technically, XRP has recently confirmed an “inverse head and shoulders” pattern, a strong bullish signal indicating a potential target of $3.11.<\/strong> This setup could trigger a rapid rise towards this level, opening the door to a more pronounced recovery, possibly towards its historical highs.<\/p>\n\n\n\nTop altcoins to buy in May<\/h2>\n\n\n\n
Ripple (XRP) : $3 target imminent due to bullish technical pattern ?<\/h3>\n\n\n\n