XRP has shown an impressive 300% increase compared to Bitcoin following Donald Trump’s election. This article examines the reasons for this success and the potential for further acceleration.
Overview of XRP's Growth
XRP has significantly outperformed Bitcoin, increasing by nearly 300% since Donald Trump’s reelection in November. Key growth drivers include Ripple’s partial settlement with the SEC and rising expectations around spot trading ETFs. These events positively impacted the market.
Technical Indicators for Further Rally
The weekly XRP/BTC chart shows a classic ‘inverse head and shoulders’ (IH&S) pattern. The pair is under resistance at 3145 satoshi. A decisive close above this level could validate the pattern and pave the way towards 5700 satoshi by the end of 2025. Additionally, a ‘golden cross’ was recorded in August, with the 50-week exponential moving average crossing above the 200-week, reinforcing bullish momentum.
XRP's Growth Potential in Market Changes
XRP is approaching a resistance band it has struggled to clear since mid-2019. There is speculation that a breakout above the 2440–3570 satoshi range could lead XRP/BTC to 9000 satoshi. Moreover, the acknowledgment of an altcoin season, where 75% of the top 50 altcoins outperform Bitcoin, could also fuel XRP’s growth, given Bitcoin’s dominance has decreased to 57%.
Current conditions present potential opportunities for XRP to continue significant growth, particularly in light of technical signals and favorable market changes. However, as always in the cryptocurrency space, investors are advised to monitor developments and conduct their own research.
