The boring process that continued from March to the end of October made investors much more timid. With constant declines altcoins the losses he experienced BTC price We have seen days when rallies could not be compensated. But now things have changed. Trump is an average Bitcoin 
$89,143 He promised great things for crypto by taking a stance beyond his maximalist. So he won the elections.
Why Is XRP Coin Rising?
Trump has been announcing the names he will appoint for each institution for days. It’s only a matter of time before he announces the name he’s considering for the SEC. Although the Fed Chairman will continue his duty, the SEC will definitely change its leadership. At this point, the statements made by Gensler yesterday caused the markets to perceive this as a “farewell speech”.
Gensler expressed his satisfaction with working in this institution. In addition, 18 states SEC The lawsuit he initiated against the chairman and members of the commission was another factor supporting the rise.
Ripple 
$0.810446 The lawsuits that have been going on for years will now come to an end. Trump’s promises of a crypto-friendly president and clear regulation make these cases and new lawsuit preparations announced with wells notifications in vain. Only XRP Coin Essentially, all altcoins that have been marked as securities by the SEC and are subject to litigation should rise.
So why is only XRP rising? BTC price is falling on expectations that the Fed will pause interest rate cuts. However, even in periods of decline, there are altcoins that those who want to make profits turn to and increase their prices. Nowadays, this altcoin has a convincing story for XRP and its rise.
XRP Coin Price
In just 10 days XRP Coin price It rose 80%. This is absolutely impressive. Targeting the parallel channel resistance we noted before, XRP Coin may host profit sales at $0.937. Since it is approaching this level, there is also the potential for investors who want to take profits.
The technical outlook, which indicates that the rise is about to stall in the short term, may soon be reversed by the upcoming headline “SEC Chairman Resigns.” This is literally a historical thing. We are going through a period in the short history of cryptocurrencies, where a giant country like the USA changed the fate of its elections, unseated the SEC Chairman who declared war on it, and other details that can be made into documentaries and movies.
In case of a possible surprise pullback, the $0.75-0.73 range may act as support.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
