The market has faced many legal and government challenges and it now hopes for better policies with the new administration. Supporters are likely to have a say in U.S. technology rules after President-elect Donald Trump, who takes office Monday, appointed several to key positions. As a result, the crypto market is already surging exponentially, with several altcoins set to skyrocket on 20 Jan. Interestingly, Official Trump meme coin, Solana and XRP, might create new ATHs on Monday.
A ‘Trump Pump’ Might Surpass Buyers’ Expectations
With less than a day until President-elect Donald Trump’s inauguration on January 20th, traders are excited to see how his administration, which is rumored to be supportive of crypto, will influence the industry’s future.
Also read: XRP Lawsuit News: Ripple’s Fight with SEC Faces New Twist as Trump Promotes Meme Coin
On Friday, Bitcoin reached its highest price of 2025, with investors looking forward to Donald Trump’s second presidential inauguration on January 20th. Trump is said to be planning to sign over 100 executive orders right away, some of which might address Bitcoin and the broader crypto market.
As a result, several altcoins, along with a new meme coin launched by Donald Trump, have begun to see significant increases in value. However, there is also worry about potential pump-and-dump schemes in the market, although the likelihood of this happening is quite low.
Official Trump Price Analysis
Donald Trump announced a new cryptocurrency called the Trump memecoin just days before his inauguration. Despite concerns of potential scams, the excitement drove the memecoin’s value on the Solana blockchain to soar to a market capitalization (FDV) of over $38 billion.
The hype is expected to grow as the meme coin endorsed by the incoming president boosts trader confidence. Currently, the Official Trump meme coin is trading at $38.8, having surged over 190% in the last 24 hours.
It is anticipated that the Trump coin will maintain its buying demand on January 20th. With the price chart showing a rising wedge pattern, the coin’s value is predicted to skyrocket above $40. The target price for January 20th is set between $70 and $80.
Solana (SOL) Price Analysis
Solana price continues to surge above immediate resistance lines, reaching its November highs. As of writing, SOL price trades at $270, increasing over 8.9% from yesterday’s rate.
The 20-day average price has begun to rise, and the Relative Strength Index (RSI) has moved into overbought territory, hinting at a minor retest of immediate support level. There’s a slight resistance at $303, but it’s expected that this price can be surpassed. If so, the SOL/USDT pair might increase to $350 tomorrow.
XRP Price Analysis
XRP continues to surge due to the fact that the new SEC might bring fresh crypto policies, impacting Ripple’s legal lawsuit positively. XRP price has been surging exponentially and is preparing for further surges tomorrow by consolidating at $3.2.
For a robust surge, XRP needs to hold above the EMA20 trend line. As the RSI level continues to hover around 60 level, XRP price might skyrocket toward $3.8-$4.
