Ripple’s XRP was a bit behind other assets in the market, despite a rally related to Trump’s win. Some analysts, however, are still hopeful for a breakout if it surpasses key price levels. Ripple’s CEO, Brad Garlinghouse, welcomed Trump’s victory and called for changes such as replacing SEC Chair Gensler and clarifying Ethereum’s regulatory status.
After Trump’s win, the cryptocurrency market experienced a surge, with Bitcoin reaching a new all-time high of over $75,000. Other top performers include Dogecoin, Solana, Avalanche, Sui, and Uniswap. XRP, however, remained behind, only recording a 2.5% increase on a weekly basis and trading at around $0.53.
Some analysts are still optimistic about XRP’s potential for growth, with one trader, EGRAG CRYPTO, suggesting that a solid weekly close above $1.10 could mean XRP will never go below $1 again. The trader also mentioned a “just do it” chart for XRP, resembling Nike’s logo, leading to a potential price appreciation of up to $1.60 in the future.
Other analysts, like Dark Defender and Crypto Rand, have also weighed in on XRP’s performance, with Dark Defender suggesting a bull run if XRP surpasses certain resistance levels, and Crypto Rand calling the current momentum a “do or die” situation with $0.50 as an important support zone. Ripple’s CEO, Brad Garlinghouse, congratulated Trump and made suggestions about what he should focus on during his first 100 days in office.
Garlinghouse urged Trump to fire SEC Chairman Gary Gensler and to classify Ethereum as non-security, similar to Bitcoin and XRP, in an effort to promote innovation and avoid further court battles. Gensler and the SEC have been involved in lawsuits with many crypto businesses, including Ripple, for years.
