Ripple is currently locked in a high-stakes legal battle with the U.S. Securities and Exchange Commission (SEC), which has cast uncertainty over the future of XRP. Yet, despite the challenges, the cryptocurrency has experienced an extraordinary surge in recent weeks. Since Donald Trump’s election win, XRP has rocketed by more than 273%.
Is the rally here to stay, or are there warning signs ahead?
Crypto analysts, including Maartunn, are urging caution. Let’s dive into the details and explore what’s driving XRP’s current momentum—and what could come next.
XRP, the fifth-largest cryptocurrency by market cap, has posted extraordinary gains. Over the past 30 days, it has surged by 262%, far exceeding the market average of 57%. In the last 24 hours, it jumped 21%—the highest among the top ten cryptocurrencies. By comparison, Bitcoin rose 0.6%, Ethereum 2.5%, and Solana 0.6%. Even Dogecoin, known for its volatility, gained only 4.1%.
Maartunn, a prominent crypto analyst, warns that XRP’s rapid rise might be fueled by leveraged trading. He notes that similar scenarios in the past have led to significant market corrections, with drops of over 17%.
Supporting this view, data shows that open interest in XRP futures has increased by 37%. This indicates heightened trading activity, which could amplify both gains and potential losses if investors start to close their positions.
A major factor driving XRP’s growth is Donald Trump’s recent election win. His presidency is seen as favorable for the crypto industry, boosting investor confidence. XRP has been a standout performer in this post-election rally.
On November 5, XRP was trading at $0.50313. By November 16, it had surged to $1.11687, marking a significant gain in just over a week.
Another major catalyst was the resignation announcement of SEC Chair Gary Gensler, known for his tough stance on crypto, particularly against Ripple. Following this news on November 21, XRP jumped from $1.10064 to $1.24677.
The next day, it hit a high of $1.47408. In the last four days, XRP has climbed over 35%, currently trading at $1.88521.
Ripple’s Strategic Moves
Ripple has also made key strategic moves, including investing in Bitwise’s XRP fund and launching its first tokenized money market fund on the XRP Ledger. These initiatives are designed to expand the XRP ecosystem and demonstrate Ripple’s confidence in the asset’s long-term potential.
XRP’s recent surge is the result of favorable legal, political, and market developments. While the gains are impressive, analysts caution that the rally could face a correction if market dynamics shift.
XRP has increased by more than 273% since Trump’s election win, with notable gains in recent weeks.
XRP’s surge is driven by Trump’s election win, SEC Chair Gensler’s resignation, and Ripple’s ecosystem-expanding initiatives.
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