Here’s When Ripple (XRP) Price Can Say ‘Goodbye’ to $1 for Good (Analyst)

TL;DR

• XRP is lagging other assets despite a market rally linked to Trump’s victory. However, some analysts remain hopeful of a breakout if key price levels are breached.
• Ripple CEO Brad Garlinghouse welcomed Trump’s victory, calling for changes such as replacing SEC Chairman Gensler and clarifying Ethereum’s regulatory status.

XRP is late to the party… again

The cryptocurrency market has been booming in recent hours, sparked by Donald Trump’s victory in the US presidential elections. The Republican presented himself as the right choice for supporters of the asset class, promising to let bitcoin prosper and hint at the creation of a national BTC reserve.

Earlier today, the price of the leading cryptocurrency typed a new an all-time high of over $75,000, while currently it is trading at around $74,200 (CoinGecko data). Other top performers include Dogecoin (DOGE), Solana (SOL), Avalanche (AVAX), Sui (SUI), and Uniswap (UNI), all of which have exploded by double digits.

Ripple’s XRP is also in the green, although it is seeing less substantial gains than most of its competitors. It is currently trading at around $0.53, representing an increase of only 2.5%. on a weekly basis. These curious to discover why XRP might be lagging, check out our dedicated article here.

Despite its underperformance (relative to the rest of the market), many analysts remain optimistic that the asset has yet to peak. According to to user X EGRAG CRYPTO, the value of XRP has I followed a “just do it” board (which resembles the logo of clothing giant Nike) in recent years. The trader speculated that this trend could lead to price appreciation of up to $1.60. in the future.

Additionally, they suggested that “a strong weekly close above $1.10 and confirmation of strong support” could mean that XRP may never dip below $1 again.

Other analysts participate recently include Dark Defender and Crypto Rand. The old believes XRP could see an upside if its price breaks the vital resistance levels of $0.5286, $0.6044, and $0.6649. Crypto Rand claimed the asset’s condition recently represented a “make-or-die momentum,” pegging $0.50 as an important support area.

Ripple CEO congratulates Trump

Eminent personalities part of the crypto world congratulated the Republican For his victory. Among them was CEO of Ripple – Brad Garlinghouse.

He also exhorted Trump will focus on some important points in his first 100 days after taking the bar. The main advice focuses on the dismissal of the United States DRY President Gary Gensler. Reminder that the republican promised to fire the director of the agency from day one.

Gensler and the regulator he leads are at war with numerous crypto companies, including Ripple. The lawsuit between the company and the SEC has been one of the hottest topics in space for years.

It is safe to assume that the XRP army will expect Trump to keep his promise and replace Gensler with someone. who is more open to innovation and less likely to hinder the advancement of the sector with legal battles.

Another point made by Garlinghouse concerns the status of Ethereum (ETH). Specifically, he asked Trump to classify the second largest cryptocurrency as insecure (similar to BTC and XRP).