The post XRP Price To Surge 3,336% As Analyst Sees ‘Major Move’ After Trump Win appeared on BitcoinEthereumNews.com.

XRP price is witnessing increased volatility after Trump took a lead in the U.S presidential election. According to a leading analyst, XRP has shifted from accumulation and is on the way to entering a breakout zone which could catapult it to above $2. The price of XRP jumped 5.3% in the last 24 hours to trade at $0.5337 after Bitcoin gained momentum and broke its previous all-time high. BTC price is up 9.3% in the same duration and is currently trading at $74,722. XRP Price To Surge After Trump Win? Crypto analyst StephIsCrypto has predicted that XRP is in Phase D of a Wyckoff Accumulation pattern. Phase D is the transitory stage between accumulation (Phase C) and breakout (Phase E), in which there is an increase in trading volume and volatility. This phase usually preceded a significant price upswing. CEO of Onchain Capital Ran Neuner earlier said that the U.S elections could break crypto. According to Neuner, the elections are created significant volatility in the crypto space with Bitcoin showing huge fluctuations. He further highlighted that a Trump win would be received positively by the market. True to his words, Bitcoin price surpassed its all-time high as new of Trump winning the election broke. Predictions suggest Bitcoin price could run up to $90,000 or higher after the election, and altcoins like XRP would also surge. However, if Kamala Harris had won, the crypto market would have likely entered a phase of panic selling, especially in altcoins, with investors moving their fund into BTC and ETH, or out of the market entirely. Either way, the 2024 U.S elections have had huge impact on the crypto space, and the effects will continue to be felt way into 2025. XRP Price Could Soar 3,300% After This Obstacle Following Trump’s win in Georgia, His…

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Filed under: News - @ November 6, 2024 1:27 pm