{"id":6816,"date":"2025-01-09T13:04:04","date_gmt":"2025-01-09T13:04:04","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=6816"},"modified":"2025-01-09T13:04:04","modified_gmt":"2025-01-09T13:04:04","slug":"xrp-may-surge-40-as-trump-effect-boosts-ripple-sentiment","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=6816","title":{"rendered":"XRP May Surge 40% as \u2018Trump Effect\u2019 Boosts Ripple Sentiment"},"content":{"rendered":"
\n

Shifting regulatory tides in the U.S. and favorable price action could set up XRP for a 40% move higher in the near term.<\/p>\n

Since hitting highs near $2.9 in early December, payments-focused cryptocurrency XRP has lost steam to carve out what is known as a “descending triangle” pattern in technical analysis.<\/p>\n

It is identified by a lower horizontal support line, representing consistent demand near a specific price level, and the declining upper trendline, representing shallower price bounces.<\/p>\n

According to the CMT Association’s theory and analysis of technical analysis, descending triangles often end with a downside break. However, bullish breakouts are more reliable and profitable, producing an average gain of 47% to 16%.<\/p>\n

\"\"<\/p>\n

\u201cIn other words, XRP could surge 40% or more if prices top the declining upper trendline, signaling a resumption of the preceding bull run from early November lows near 50 cents,\u201d CoinDesk markets analyst Omkar Godbole states.<\/p>\n

\u201cAll bets are off if prices diverge from the pattern, moving below the horizontal support line near $2.00,\u201d Godbole adds.<\/p>\n

Social metrics are on a high note, too. A Wednesday report<\/a> from sentiment tracking service Santiment said there is an \u201cincreased level of optimism from the crowd,\u201d toward the token, based on social media posts and market commentary \u2014 higher than that for bitcoin (BTC) or ether (ETH).<\/p>\n

Since Trump’s election, XRP has seen its price surge by over 300%, outpacing other major cryptocurrencies. This surge is largely attributed to the expectation of a crypto-friendly policy environment under Trump, which includes easier regulatory pathways for local crypto businesses \u2014 such as Ripple Labs, the firm closely related to XRP.<\/p>\n

The change in SEC leadership, particularly the exit of Gary Gensler, who has been seen as crypto-skeptical, could lead to a more favorable regulatory environment for XRP.<\/p>\n

Ripple’s CEO Brad Garlinghouse said last week<\/a> that the incoming government ends years of regulatory limbo and opens up new domestic opportunities that previously “froze” under the old administration.<\/p>\n

Ripple Labs has reported signing more U.S. deals in the last six weeks of 2024 than in the previous six months, showcasing a direct “Trump effect” on local business opportunities.<\/p>\n

In an interview on Tuesday, Ripple President Monica Long signaled an XRP exchange-traded fund (ETF) could \u201csoon\u201d become a reality<\/a> amid the perception of a shift towards more favorable crypto regulations under the incoming Trump administration.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Shifting regulatory tides in the U.S. and favorable price action could set up XRP for a 40% move higher in the near term. Since hitting highs near $2.9 in early December, payments-focused cryptocurrency XRP has lost steam to carve out what is known as a “descending triangle” pattern in technical analysis. It is identified by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-6816","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6816"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/6816\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6816"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}