XRP: 700% Price Hike<\/strong><\/h2>\nAnalysts said that XRP could be on the brink of a possible price rally based on historical price movement after an election.<\/p>\n
They predicted that the price could skyrocket by 700% to about $4.89 per coin if history repeats itself.<\/p>\n
Currently, the crypto is being traded at $0.6113 with a total market capitalization of $34.76 billion and a 24-hour volume of $2.82 billion.<\/p>\n
Market commentators said that they believed that XRP would greatly benefit from positive sentiment brought by the upcoming administration of pro-crypto Donald Trump.<\/a><\/p>\nAccording to analysts, they see a potentially massive price surge for the digital currency because of the long-term pattern in its price movement and a possible repetition of the coin\u2019s post-election trends.<\/p>\n![\"\"](\"https:\/\/www.tradingview.com\/x\/Hmnoey09\/\")
XRP market cap currently at $33.3 billion. Chart: TradingView.com<\/a><\/figcaption><\/figure>\nHowever, some market observers decided not to disclose any price target for the anticipated XRP upsurge.<\/p>\n
Meanwhile, other analysts suggested that the most optimistic forecast for a post-election surge would be a growth between 100% and 500%, saying that the XRP price would be somewhere between $1.22 to $3.67 per coin.<\/p>\n
Historical Price Rally<\/strong><\/h2>\nAnalysts studied the price movement of XRP in past US elections, saying that after the 2016 US election, the digital asset\u2019s price went down in the next four months after the election poll.<\/p>\n
They however noted that after the initial price dip, the altcoin had a massive price rally which propelled the coin to a whopping 60,000% and hit the all-time high of $3.31, an event which is not far-fetched at the moment.<\/p>\n
If XRP would again surge by 60,000% after the election, it would reach the $367 level.<\/p>\n
\n$XRP<\/a> huge acceleration is coming<\/p>\nLook at the past elections and see what follows. pic.twitter.com\/ufcqC8v5Y5<\/a><\/p>\n\u2014 Mikybull \ud83d\udc02Crypto (@MikybullCrypto) November 8, 2024<\/a><\/p><\/blockquote>\nLikewise, in the 2020 election, XRP also experienced a huge price uptick of 177%, coincidentally in the same month as in the 2016 breakout before a correction was done in December.<\/p>\n
![\"\"](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/11\/A_d26eec.png?resize=1024%2C580\")
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According to analysts, they see a potentially massive price surge for the digital currency because of the long-term pattern in its price movement and a possible repetition of the coin\u2019s post-election trends.<\/p>\n However, some market observers decided not to disclose any price target for the anticipated XRP upsurge.<\/p>\n Meanwhile, other analysts suggested that the most optimistic forecast for a post-election surge would be a growth between 100% and 500%, saying that the XRP price would be somewhere between $1.22 to $3.67 per coin.<\/p>\n Analysts studied the price movement of XRP in past US elections, saying that after the 2016 US election, the digital asset\u2019s price went down in the next four months after the election poll.<\/p>\n They however noted that after the initial price dip, the altcoin had a massive price rally which propelled the coin to a whopping 60,000% and hit the all-time high of $3.31, an event which is not far-fetched at the moment.<\/p>\n If XRP would again surge by 60,000% after the election, it would reach the $367 level.<\/p>\n $XRP<\/a> huge acceleration is coming<\/p>\n Look at the past elections and see what follows. pic.twitter.com\/ufcqC8v5Y5<\/a><\/p>\n \u2014 Mikybull \ud83d\udc02Crypto (@MikybullCrypto) November 8, 2024<\/a><\/p><\/blockquote>\n Likewise, in the 2020 election, XRP also experienced a huge price uptick of 177%, coincidentally in the same month as in the 2016 breakout before a correction was done in December.<\/p>\nHistorical Price Rally<\/strong><\/h2>\n
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