The US elections are creating a lot of buzz in the cryptocurrency world, especially for XRP, which is experiencing increased volatility due to Trump’s rising odds in the election. Analysts believe that the election results could significantly impact the crypto landscape and lead to major price swings for XRP.
Ran Neuner, a crypto analyst, stated on his YouTube channel that the elections are causing significant volatility in the crypto market, with Bitcoin showing massive fluctuations. According to Neuner, if Trump wins, the market is expected to react positively towards Bitcoin and altcoins, which may result in Bitcoin’s price surpassing its previous all-time high.
Predictions suggest that Bitcoin’s price could reach $90,000 or more after the election, and altcoins like XRP could also experience a surge. On the other hand, if Kamala Harris wins, the market could enter a phase of panic selling, especially in altcoins, as investors move their funds into Bitcoin (BTC) and Ethereum (ETH) or exit the market entirely.
Regardless of the election outcome, the U.S. elections in 2024 will have a significant impact on the crypto space and could potentially break the crypto markets. It is worth mentioning that if Trump wins, Hester Peirce (also known as “Crypto Mom”) might replace the current SEC Chair under the Trump administration, which could lead to more crypto-friendly policies.
In conclusion, the outcome of the U.S. elections is likely to have a considerable effect on the cryptocurrency market, including XRP. Investors should watch closely as election results unfold, as they could potentially lead to major market shifts.
