{"id":652774,"date":"2024-11-13T02:00:44","date_gmt":"2024-11-13T02:00:44","guid":{"rendered":"https:\/\/wncen.com\/?p=652774"},"modified":"2024-11-12T15:10:43","modified_gmt":"2024-11-12T15:10:43","slug":"xrp-price-patterns-and-2024-election-spark-talk-of-a-new-rally","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/xrp-price-patterns-and-2024-election-spark-talk-of-a-new-rally\/","title":{"rendered":"XRP Price Patterns And 2024 Election Spark Talk Of A New Rally"},"content":{"rendered":"

Analysts are once again paying close attention to the price trend of XRP and the US election cycles. Many people who follow the market say that if a crypto-friendly candidate wins, XRP could go through a big jump, similar to what happened after other elections. Could this be the start of another rally?<\/p>\n

Related Reading: Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot<\/a><\/div>\n

After the 2016 and 2020 US elections, XRP’s value<\/a> skyrocketed, as expected by market observers. These two major occurrences benefited cryptocurrencies, which analysts expect to happen again in 2024 under Donald Trump.<\/p>\n

Market expert Mikkybull observes a “symmetrical triangle” pattern that preceded these elections and led to significant achievements. Since XRP has achieved these highs before, some wonder if history will repeat.<\/p>\n

\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

\"\"<\/p>\n

Patterns Of XRP In The Past: From Triangle To Surge<\/strong><\/h2>\n

Mikkybull observes that the price of XRP fell marginally after the 2016 elections but eventually increased by 60,000%, reaching the all-time high (ATH) level of $3.31. The 2020 election caused another upward spike which resulted in the altcoin increasing by 170% within the span of one month.<\/p>\n

XRP market cap currently at $38 billion. Chart: TradingView<\/a><\/figcaption><\/figure>\n

There was also a liquidity crunch in December for the cryptocurrency market however this was occasioned by the contrary ruling from the SEC against Ripple Labs. In light of the ongoing litigation, the election rally evokes interest because it proposes that such increases could be achieved in 2024. Given the current bullish sentiment in the market, Mikkybull believes that another rally is almost imminent.<\/p>\n

Positive Technical Indicators<\/strong><\/h2>\n

At present, XRP is trading at approximately $0.6393<\/a> and is encountering a resistance level at $0.6533. The prospective path to the next target at $0.7463 is seen by analysts if it can overcome this barrier. Volume is increasing, and recent gains may provide the necessary impetus.<\/p>\n

\"\"
Source: Bitstamp<\/a><\/figcaption><\/figure>\n

RippleLord, a market expert, predicts that the price of XRP may even resume its 2017 highs if this rally continues. In 2017, XRP experienced a significant increase from $0.06 to nearly $3.84. RippleLord believes that XRP could at least reach a consolidation level of $3, with a longer-term peak potentially reaching $28 if market conditions coincide, despite the fact that repeating such a massive run may be ambitious.<\/p>\n

\n

This is the anatomy of the alt-season.<\/p>\n

We had this analysis before, and I’ve mentioned that November 24 will start the Crypto Bull Run.<\/p>\n

Bitcoin Dominance had its reversal in the monthly RSI as it did in January 2021.<\/p>\n

During this period, $XRP<\/a> went from $0.170 to $1.966.<\/p>\n

Since\u2026 pic.twitter.com\/aWU45NWqLt<\/a><\/p>\n

\u2014 Dark Defender (@DefendDark) November 9, 2024<\/a><\/p><\/blockquote>\n

Related Reading: Shiba Inu Breaks Out On A 73% Weekly Rampage, Eyes Over 300% Target<\/a><\/div>\n

Legal Developments<\/strong><\/h3>\n

Meanwhile, the recent court ruling by Judge Analisa Torres, who determined that XRP is not a security<\/a>, is another factor that strengthens the case for XRP. This eliminates an immense regulatory obstacle that has undermined XRP for years.<\/p>\n

Additionally, Ripple’s ongoing dedication to innovation is evidenced by its initiatives to broaden its payment services, such as the Dubai Financial Services Authority’s recent approval.<\/p>\n

Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts are once again paying close attention to the price trend of XRP and the US election cycles. Many people who follow the market say that if a crypto-friendly candidate wins, XRP could go through a big jump, similar to what happened after other elections. Could this be the start of another rally? Related Reading: Shiba Inu Strategic US Hub Plan Sends SHIB Price On A 23% Moonshot After the 2016 and 2020 US elections, XRP’s value skyrocketed, as expected by market observers. These two major occurrences benefited cryptocurrencies, which analysts expect to happen again in 2024 under Donald Trump. Market expert Mikkybull observes a “symmetrical triangle” pattern that preceded these elections and led to significant achievements. Since XRP has achieved these highs before, some wonder if history will repeat. $XRP huge acceleration is coming Look at the past elections and see what follows. pic.twitter.com\/ufcqC8v5Y5 \u2014 Mikybull \ud83d\udc02Crypto (@MikybullCrypto) November 8, 2024 Patterns Of XRP In The Past: From Triangle To Surge Mikkybull observes that the price of XRP fell marginally after the 2016 elections but eventually increased by 60,000%, reaching the all-time high (ATH) level of $3.31. The 2020 election caused another upward spike which resulted in the altcoin increasing by 170% within the span of one month. There was also a liquidity crunch in December for the cryptocurrency market however this was occasioned by the contrary ruling from the SEC against Ripple Labs. In light of the ongoing litigation, the election rally evokes interest because it proposes that such increases could be achieved in 2024. Given the current bullish sentiment in the market, Mikkybull believes that another rally is almost imminent. Positive Technical Indicators At present, XRP is trading at approximately $0.6393 and is encountering a resistance level at $0.6533. The prospective path to the next target at $0.7463 is seen by analysts if it can overcome this barrier. Volume is increasing, and recent gains may provide the necessary impetus. RippleLord, a market expert, predicts that the price of XRP may even resume its 2017 highs if this rally continues. In 2017, XRP experienced a significant increase from $0.06 to nearly $3.84. RippleLord believes that XRP could at least reach a consolidation level of $3, with a longer-term peak potentially reaching $28 if market conditions coincide, despite the fact that repeating such a massive run may be ambitious. This is the anatomy of the alt-season. We had this analysis before, and I’ve mentioned that November 24 will start the Crypto Bull Run. Bitcoin Dominance had its reversal in the monthly RSI as it did in January 2021. During this period, $XRP went from $0.170 to $1.966. Since\u2026 pic.twitter.com\/aWU45NWqLt \u2014 Dark Defender (@DefendDark) November 9, 2024 Related Reading: Shiba Inu Breaks Out On A 73% Weekly Rampage, Eyes Over 300% Target Legal Developments Meanwhile, the recent court ruling by Judge Analisa Torres, who determined that XRP is not a security, is another factor that strengthens the case for XRP. This eliminates an immense regulatory obstacle that has undermined XRP for years. Additionally, Ripple’s ongoing dedication to innovation is evidenced by its initiatives to broaden its payment services, such as the Dubai Financial Services Authority’s recent approval. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":652786,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,428,6664,3680,3810,4531],"class_list":["post-652774","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-bitcoin","tag-crypto","tag-ripple","tag-security","tag-xrp"],"acf":[],"yoast_head":"\nXRP Price Patterns And 2024 Election Spark Talk Of A New Rally<\/title>\n<meta name=\"description\" content=\"Analysts are once again paying close attention to the price trend of XRP and the US election cycles. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"XRP Price Patterns And 2024 Election Spark Talk Of A New Rally","url":"http:\/\/wncen.com\/news\/xrp-price-patterns-and-2024-election-spark-talk-of-a-new-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/xrp-price-patterns-and-2024-election-spark-talk-of-a-new-rally\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/a_f1c45e.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/a_f1c45e.jpg?fit=4000%2C2667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","bitcoin","crypto","ripple","security","xrp"],"dateCreated":"2024-11-13T02:00:44Z","datePublished":"2024-11-13T02:00:44Z","dateModified":"2024-11-13T02:00:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"XRP Price Patterns And 2024 Election Spark Talk Of A New Rally\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/xrp-price-patterns-and-2024-election-spark-talk-of-a-new-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/xrp-price-patterns-and-2024-election-spark-talk-of-a-new-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/a_f1c45e.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/a_f1c45e.jpg?fit=4000%2C2667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"bitcoin\",\"crypto\",\"ripple\",\"security\",\"xrp\"],\"dateCreated\":\"2024-11-13T02:00:44Z\",\"datePublished\":\"2024-11-13T02:00:44Z\",\"dateModified\":\"2024-11-13T02:00:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/11\/a_f1c45e.jpg?fit=4000%2C2667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/652774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=652774"}],"version-history":[{"count":6,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/652774\/revisions"}],"predecessor-version":[{"id":652789,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/652774\/revisions\/652789"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/652786"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=652774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=652774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=652774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}