XRP has largely remained stable in the past 24 hours, with its price staying around $0.5836 as the broader cryptocurrency market sees a 1% uptick. This moment of calm follows a strong weekend where XRP gained 15% in a week amid market-wide bullishness.
However, XRP has somewhat lagged compared to other major tokens, showing a modest 8% increase over the past month and a 13% decline over the last year. Some analysts argue that XRP’s current positioning might set it up for a significant rally soon, with historical patterns indicating potential gains ranging from 700% to 60,000% following the last election.
Historical Election Trends Suggest Major Gains for XRP
Crypto analyst @MikybullCrypto recently highlighted on X that XRP has previously seen substantial gains after major election cycles, particularly after the 2016 and 2020 U.S. elections. Notably, in 2017, XRP skyrocketed by nearly 60,000% when Trump first assumed office.
Given the possibility of Trump resuming office in January, a similar rally could be on the horizon. In an optimistic scenario, a 60,000% increase could push XRP’s price close to $350, implying a market cap near $20 trillion. Although ambitious, a more realistic benchmark could be XRP’s 700% gain following Biden’s 2020 election victory. Current enthusiasm around a second Trump term may even drive gains slightly beyond 700%.
Market Indicators Show Renewed Momentum for XRP
XRP’s recent activity points to bullish accumulation, with significant whale transactions, including a 30-million XRP transfer worth over $17 million. Short-term technical indicators also show promise: XRP’s RSI has recently climbed to 50, signaling renewed buying interest. Additionally, XRP’s price has risen above its 30-period moving average, a potential indicator of an impending breakout.
Trading volumes at $4.7 billion suggest that XRP could climb to $0.60 in the coming days, potentially reaching $0.70 by the end of the month.
Emerging Presale Tokens Offer High Return Potential
Although XRP’s maturity might limit its ability to achieve massive returns, new presale tokens show strong promise during this bull market. Presales offer substantial upside potential, as these coins often build momentum during their launch phase and spike upon listing.
One example is layer-two project Pepe Unchained (PEPU), which has raised over $26.6 million. PEPU aims to launch its Ethereum L2 network, providing fast transactions and minimal fees. Its vision includes becoming a primary ecosystem for meme tokens, with scalability advantages over networks like Base, Optimism, and Solana. The platform’s double staking rewards could drive demand for PEPU, as this token will also cover network fees.
Building Community and Momentum for PEPU
Pepe Unchained’s community support has been remarkable, with over 50,000 followers on its official X account even before its official launch. Currently priced at $0.01249, the token’s presale price is set to increase within hours, attracting new investors to act quickly. With robust funding and a growing community, PEPU appears poised to make significant gains once it goes live.
For more details on Pepe Unchained and its price outlook, visit their official site to participate in the presale.
The post XRP Set for Massive 700% to 60,000% Surge? Historical Election Patterns Hint So appeared first on Cryptonews.
