- XRP could experience a massive price surge if Donald Trump’s potential win brings pro-crypto leadership changes at the SEC, which would likely ease regulatory pressure on Ripple.
- Technical patterns and rising Bitcoin prices further support a bullish outlook, with analysts predicting XRP could rally as high as $24 per token.
XRP, Ripple’s cryptocurrency, could be on the brink of an unprecedented rally, with some experts predicting a potential 3,336% price surge. Speculation has intensified following Donald Trump’s lead in the U.S. presidential election, prompting calls for a significant reshuffle at the Securities and Exchange Commission (SEC). Here’s a closer look at how political shifts, regulatory changes, and technical patterns could push XRP to new heights.
A Trump-Led SEC Overhaul Could Favor XRP
Ripple CEO Brad Garlinghouse recently encouraged Trump to dismiss current SEC Chair Gary Gensler and consider pro-crypto candidates like Christopher Giancarlo or Hester Peirce, known as “Crypto Mom.” Peirce, a long-standing supporter of digital assets, could be instrumental in securing regulatory clarity for XRP, potentially leading to increased institutional adoption and ETF approvals.
Under a Trump administration, which analysts suggest would favor crypto innovation, there’s a strong chance that regulatory roadblocks for Ripple and XRP could be reduced or removed. Bitwise and Canary Capital have already submitted applications for XRP and Solana ETFs, which may gain approval if regulatory oversight becomes more favorable. These developments could not only boost investor confidence but also significantly drive up XRP’s price.
XRP in “Breakout Zone” – Wyckoff Pattern Points to Rally
Crypto analyst StephIsCrypto has identified that XRP is currently in Phase D of the Wyckoff Accumulation pattern, a stage just before a breakout. This pattern, known for signaling explosive price moves, suggests that XRP is moving out of a prolonged period of accumulation. Increased trading volumes and heightened volatility align with this phase, setting the stage for XRP to potentially leap into Phase E, or the breakout phase, where prices typically soar.
Rising Bitcoin Prices and Positive Sentiment Add Fuel
Bitcoin, often seen as the leader of the crypto market, recently achieved a new all-time high of $74,817, which has positively impacted altcoins like XRP. Analysts, including Onchain Capital’s Ran Neuner, assert that a Trump victory brings optimism to the crypto space, further solidifying predictions for XRP’s bullish trend. As Bitcoin stabilizes at higher levels, XRP is expected to mirror these gains, with some estimates suggesting XRP could eventually reach $24 per token.
Key Resistance Levels to Watch
In the near term, XRP is facing resistance at $0.56. Analysts project that if XRP breaks past this point, it could climb another 24% to $0.66. Beyond that, the next significant level would be $2, where a breakout could propel the cryptocurrency toward the much-anticipated 3,336% surge. Additionally, with a liquidation imbalance showing more traders betting on long positions, the market sentiment for XRP remains bullish.
Final Thoughts
While political and market uncertainties continue to loom, the signs for XRP remain highly optimistic. With potential SEC leadership changes, bullish technical indicators, and strong support from the broader crypto market, XRP may be primed for a breakout rally. If Trump’s policies indeed favor crypto, XRP could very well be one of the biggest beneficiaries in the coming months. Investors and traders should keep a close eye on XRP’s movement, as any shifts in resistance or support could lead to monumental price swings.
