XRP Expected to Surge 40% with Trump Administration Resuming
Sentiment around XRP has improved ahead of Donald Trump's inauguration on January 20. Analysts forecast a potential price increase of 40% following his return to office, anticipating regulatory changes in the crypto space.
Key points include:
- Paul Atkins now leads the SEC, which may expedite the XRP lawsuit settlement.
- XRP previously surged to $2.9 in December but has since shown sideways movement within a descending triangle pattern.
- A breakout above the upper trendline could indicate a continuation of bullish momentum from November's lows of around $0.50.
- Social sentiment for XRP is strong, with analytics platform Santiment reporting increased optimism surpassing that of Bitcoin and Ethereum.
- Since Trump's election, XRP's value has risen over 300%, attributed to expectations of a pro-crypto policy environment.
- Ripple Labs signed more US deals in six weeks than in the previous six months, indicating a “Trump effect” on business prospects.
- Ripple President Monica Long suggested an XRP exchange-traded fund (ETF) may soon be possible due to anticipated favorable regulations.
