[Analysts believe there will be "major moves" after Trump wins, and XRP price will soar 3,336%]
As Trump takes the lead in the U.S. presidential election, XRP price volatility intensifies, shifting towards a breakout phase that could push it above $2. XRP has gained 5.3% in the past 24 hours and is currently trading at $0.5337; Bitcoin has gained 9.3% during the same period, reaching $74,722.
Analysts note that XRP is now in Phase D of the Wyckoff accumulation pattern, indicating that the price is about to rise. If Trump is elected, it is predicted that the price of Bitcoin will break through the all-time high to over 90,000 US dollars, driving the rise of altcoins such as XRP; if Harris is elected, the market may panic selling and funds will flow to Bitcoin and Ethereum.
XRP has exited the descending channel, with the next resistance level at $0.56. If it breaks through, it is expected to surge 24% to $0.66, and may even reach $24, an increase of 3,336%. Bulls currently have the upper hand, with long positions reaching $40 million, showing that the market is bullish on XRP’s rise.
Trump’s election is good for the crypto market, and the possible reorganization of SEC leadership is expected to promote applications for XRP ETF and Solana ETF.
