CandleFocus Historical Data Hints XRP May Soar 700% to 60,000% Following U.S. Presidential Elections
2024-11-10
Author: Content Editor
The XRP price has historically seen significant gains following U.S. presidential elections, with a pattern of symmetrical triangle breakouts. This trend was observed after Donald Trump's win in 2016, where XRP experienced a major breakout and reached its all-time high. Similarly, in 2020, XRP rallied after the election but faced a decline due to the SEC lawsuit against Ripple. However, XRP rebounded and hit $1.96, signaling a rally of over 700%. With the recent 2024 election and a pro-crypto candidate winning, market sentiment suggests that XRP may experience another breakout. While there are no specific price targets provided, XRP's recent gain in November and the long-term pattern indicate the possibility of a significant upward movement. The current price of XRP is $0.6113, and if it surges by 700%, its price could reach approximately $4.89. If it surges by 60,000%, its price could reach roughly $367.69. Assuming a more conservative range of 100% to 500% increase, the new XRP price would be expected to range from $1.22 to approximately $3.67.
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