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Trump's election boosts crypto demand, but SEC appeal caps XRP gains. Will a policy shift spark a new rally?

Many analysts are anticipating a bull run for Ripple's XRP which could lead to an exponential growth, giving Ethereum and Bitcoin a run for their money. Several experts suggest that XRP's potential price rally could be attributed to Donald Trump winning the US election, a political event that brought so much excitement to the cryptocurrency sector.

XRP lawyer Bill Morgan has explained why Ripple is unlikely to promote XRP in the same way that Bitcoin is widely promoted. The remarks were made in response to a suggestion that Ripple could boost XRP's popularity among retail investors by engaging in promotional activities similar to those seen with Bitcoin and other cryptocurrencies.

XRP is trading at around $0.59, while Cardano is priced at $0.68. Both coins have shown impressive price movements, but they each face different challenges and technical levels to overcome before reaching the coveted $1 threshold.

Pro-XRP lawyer John Deaton has once again called out Senator Elizabeth Warren and Gary Gensler, the Chairman of the US Securities and Exchange Commission (SEC). Senator Warren and Gary Gensler are arguably the biggest public officials that John Deaton takes on the most for several reasons.

Bitcoin has reached a high of around $86,000. XRP still trails its previous all-time high, sparking speculation on whether it can soon catch up.

"ETH and SOL need to cool down first before XRP can full send," one trader suggested.

Bitcoin picked up momentum and soared above $84,500, pulling several altcoins higher.

Vice President Kamala Harris is facing a financial challenge with her presidential campaign, which is reportedly burdened by a $20 million debt. Recently, President-elect Donald Trump poked fun at her predicament, suggesting that the GOP should “help” her out.

Since Trump's re-election, Bitcoin and other altcoins such as XRP or even ADA price surged on expectations of less strict cryptocurrency regulations during his administration. Several new ETF filings, among which are XRP and Solana, are expected during November.

As most cryptocurrencies reap from the post-election rally, XRP has yet to make a decisive move, continuing to trade in the now familiar territory below $0.60.

XRP, the eighth-largest cryptocurrency by market capitalization, has seen a surge in trading volumes over the past 24 hours. According to CoinMarketCap data, XRP trading volume is up 103.21%, with 7.45 billion XRP traded in the last 24 hours amounting to $4.37 billion.

Spot crypto ETFs for XRP, SOL, and ADA expected soon, reflecting growing market interest and political changes.

Doge, Elon Musk's favorite meme coin is among the biggest gainers following Trump's election win! It may go higher

The XRP ecosystem is painting a bullish picture, as active accounts are skyrocketing thanks to soaring on-chain metrics.

According to data from XRPScan, 13,014,042.56 XRP have been incinerated since inception. While this figure might be small relative to the circulating supply of XRP, it underscores the protocol's development and its placement for the future. As per the XRPScan data, the protocol has closed 92,036,034 ledgers with exactly 203,630 payments.

As Bitcoin continues to surge toward new highs, analysts are eyeing key resistance levels and potential pullbacks. As Bitcoin continues to climb, it will inevitably face occasional pullbacks and these sharp red candles are common in a bullish market.

A new week has started positively for most of the coins, according to CoinMarketCap.

Ripple (XRP) has recently experienced a surge in value over the past week, similar to other altcoins. However, it faced a slight dip in the past 24 hours, a setback that, according to the XRP liquidation heatmap, appears to be temporary.

XRP price was on the investors' radar lately, with the crypto recently soaring past the $0.61 mark. Amid this, recent comments from the Ripple community have sparked hopes over a potential rally for the crypto like 2017 to repeat, which has previously sent it to its ATH of $3.84.

XRP has remained mostly flat in the past 24 hours, yet historical post-election data would suggest that it's in line for a massive surge. The post XRP Set for Massive 700% to 60,000% Surge? Historical Election Patterns Hint So appeared first on Cryptonews.

Ripple has recently experienced a resurgence of buying pressure around the crucial $0.5 support region, resulting in a strong price spike and reclaiming significant resistance levels. This renewed buying activity suggests an uptrend in the mid-term, with a potential target of the $0.66 resistance.

Firing Gensler seems like one of Trump's most important crypto-related promises.

XRP Ledger (XRPL) is in an evolutionary phase, showcased by key features, including the burn rate. While not a full-blown deflationary protocol, a certain number of XRP is burnt daily.