{"id":18555,"date":"2024-11-07T09:41:25","date_gmt":"2024-11-07T09:41:25","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=18555"},"modified":"2024-11-07T09:41:25","modified_gmt":"2024-11-07T09:41:25","slug":"interesting-ripple-xrp-price-predictions-amid-us-presidential-elections-conclusion","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=18555","title":{"rendered":"Interesting Ripple (XRP) Price Predictions Amid US Presidential Elections Conclusion"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Ripple\u2019s XRP saw a 6% daily gain as analysts eye potential rallies to $0.65 if it breaks key resistance.<\/span>
\nWith Trump\u2019s promise to dismiss SEC Chair Gary Gensler, some predict this could boost the asset, possibly making it a top performer during his presidency.<\/p>\n

<\/a><\/h2>\n

XRP Tries to Catch up<\/span><\/h2>\n

Ripple\u2019s XRP was among the few leading cryptocurrencies that did not experience any substantial gains after the news of Donald Trump\u2019s <\/span>victory<\/span><\/a> in the US presidential elections. The asset seems to be in much better shape today (November 7), charting a 6% price increase on a 24-hour scale and briefly reaching almost $0.57. <\/span>Currently,<\/span> it trades at around $0.55 (per CoinGecko\u2019s data), meaning a 7.5% spike in the past seven days.<\/span>\u00a0<\/span><\/p>\n

<\/a>XRP Price, Source: CoinGecko<\/p>\n

Numerous market observers noted XRP\u2019s resurgence, envisioning a potential for a further rally. The X user CRYPTOWZRD <\/span>claimed<\/span><\/a> the asset \u201cclosed strongly bullish\u201d on November 6, arguing that a successful breakout of the $0.55 resistance zone could lead to a pump towards $0.65.\u00a0<\/span><\/p>\n

The analyst assumed that firing the current Chairman of the US SEC \u2013 Gary Gensler \u2013 \u201cwill help XRP to get more confidence.\u201d Recall that Trump promised to dismiss the head of the securities regulator on day one after taking the helm. <\/span><\/p>\n

Gensler and the SEC have been at war with Ripple, filing a lawsuit against the company in 2020. The <\/span>case<\/span><\/a>, which centers on whether the company\u2019s sales of its native token (XRP) constituted unregistered securities offerings, is still ongoing.\u00a0<\/span><\/p>\n

Ben Armstrong, better known as \u201cBitBoy,\u201d shared a similar thesis. He <\/span>believes<\/span><\/a> the possible firing of Gensler might make XRP the best-performing top 100 cryptocurrency during Trump\u2019s presidency.<\/span><\/p>\n

Additional Forecasts<\/span><\/h2>\n

Other industry participants predicting a bright future for XRP include Brett and EGRAG CRYPTO. The former <\/span>assumed<\/span><\/a> that the crypto market has \u201centered the most exciting phase of this cycle,\u201d envisioning a skyrocketing rally for XRP.<\/span><\/p>\n

EGRAG CRYPTO <\/span>thinks<\/span><\/a> the token\u2019s valuation has\u00a0<\/span>been following<\/span> a so-called \u201cjust do it\u201d chart (resembling the logo of the apparel giant Nike) in the last few years. They suggested that this trend could result in a price spike to as high as $1.60 <\/span>in the future<\/span>.\u00a0<\/span><\/p>\n

The X user also opined that \u201ca solid weekly close above $1.10 and confirm it as strong support\u201d could mean that XRP may never drop below $1 again.\u00a0<\/span><\/p>\n

The post Interesting Ripple (XRP) Price Predictions Amid US Presidential Elections Conclusion<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Ripple\u2019s XRP saw a 6% daily gain as analysts eye potential rallies to $0.65 if it breaks key resistance. With Trump\u2019s promise to dismiss SEC Chair Gary Gensler, some predict this could boost the asset, possibly making it a top performer during his presidency. XRP Tries to Catch up Ripple\u2019s XRP was among the […]<\/p>\n","protected":false},"author":0,"featured_media":18556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-18555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18555"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18555"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/18555\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/18556"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18555"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18555"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18555"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}