XRP
XRP is perhaps the most undervalued large-cap altcoin on the market, trading nearly 82% below its all-time high.
However, the trend appears to be changing. XRP has outperformed Bitcoin over the past month, gaining nearly 27% while BTC has gained just 3%.
Speculation is growing that a settlement between Ripple and the SEC could be imminent, especially as the Biden administration takes an increasingly pro-crypto stance to counter Donald Trump’s growing influence over the industry.
The likelihood that the SEC will appeal Judge Analisa Torres’ original ruling is also falling, given that Chairman Gary Gensler is likely to resign if Trump is elected president.
If Trump’s lead continues to widen as the U.S. presidential election approaches, XRP prices could see a significant breakout above $1 and beyond.
