Last Time Under Donald Trump, XRP Had a New Price All-Time High

In recent cryptocurrency market developments, XRP has experienced a notable surge, crossing the 60-cent mark before retracting slightly to $0.587 at the time of writing. The token has recorded an impressive 6.13% increase over the last 24 hours, hitting an intraday high of $0.61 earlier today.

This upward movement has sparked renewed interest among the XRP community, especially as speculation rises about potential regulatory clarity and the possible influence of a Trump administration on the cryptocurrency market.

Crypto influencer Amelie shared her excitement on X with the statement, “#XRP IS PUMPING TO 60 CENT! LAST TIME UNDER TRUMP WE HAD A NEW ALL-TIME HIGH. WILL WE SEE THE SAME THIS TIME?” Accompanying her post, she included a chart highlighting the recent price spike in XRP, showcasing a strong bullish sentiment in the market.

Market Sentiment and Reactions

Amelie’s tweet has resonated widely within the XRP community, igniting discussions about the potential for a new all-time high (ATH) under Trump’s presidency.

This optimism stems from historical performance, as XRP experienced substantial price growth during Trump’s tenure. Many community members believe that Trump’s return to power, coupled with anticipated regulatory clarity, could be favorable for the token.

The reactions to Amelie’s tweet highlight a spectrum of opinions regarding XRP’s trajectory. A user named David Horne commented, “If there is no ATH this cycle, with all the regulatory clarity, Trump in power, etc., I feel as though there will be a mass exodus of $XRP holders. Maybe this is part of their plan. Food for thought.”

For many XRP enthusiasts, the expectation of a new ATH has been tied to regulatory clarity and favorable conditions. Some holders may choose to exit their positions if these conditions do not materialize as expected.

Another user, Patriotic Pulse, added a political angle to the discussion, stating, “It would have been a little higher if the CFO had not given millions to the Harris campaign. Poor move.”

This comment points to the dissatisfaction of members of the XRP community towards the donation made by Ripple’s Co-founder, Chris Larsen to the Kamala Harris campaign.

Price Action and Technical Analysis

XRP’s recent price action shows a clear bullish trend, with strong buying momentum pushing the price over the 60-cent threshold.

According to data from CoinMarketCap, there is a 263.75% increase in XRP’s trading volume, which aligns with the upward price movement. This suggests that there may be significant institutional or large-scale investor interest in XRP, potentially driving the price surge.

As XRP hovers near 60 cents, analysts closely monitor support and resistance levels. A sustained break above the $0.60 resistance could pave the way for further gains, while a pullback could see the digital asset finding support around $0.55.

The cryptocurrency market remains highly volatile, and XRP’s price trajectory will depend on technical factors and broader market sentiment, particularly as speculations regarding regulatory developments and political changes intensify.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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