XRP Price Surges Post-Election—Here’s Why the Market Went Wild

Politics meets crypto again—and this time, XRP’s the winner. The digital asset ripped higher after the U.S. election results dropped, leaving traders scrambling and skeptics rolling their eyes. Here’s the breakdown.

The Regulatory Relief Rally

Markets hate uncertainty, and the election outcome apparently signaled smoother sailing for crypto regs—or at least, that’s the narrative fueling the pump. XRP, with its long legal saga, became the poster child for ’oversold relief.’

Liquidity Games & Whale Moves

Thin order books got bulldozed by algo traders jumping on momentum. Add a few well-timed whale buys (convenient, huh?), and voilà—a 20% green candle that ‘totally wasn’t manipulated.’

The Cynic’s Corner

Let’s be real: half these ‘fundamental drivers’ get reverse-engineered after the price moves. Wall Street does it, crypto does it better—and XRP just gave everyone another excuse to pretend they ‘called it.’

A newly published report in the American Bankruptcy Law Journal by legal scholarreveals a strong LINK betweenand the recent, followingin the 2024 presidential election.

Let’s break down the key insights from the report.

The report highlights that Trump’splayed a significant role inbetween, when the price jumped from.

By, XRP touched a, reflecting growing investor confidence after Trump’s promise to:

• Support innovation in the crypto sector
  
• Establish clearer regulations
  
• Reduce government interference in digital assets
  

In contrast, Kamala Harris’s stance was less defined, leading to market uncertainty before the election results.

Ripple’s Legal Battle Gets Boost After SEC Leadership Change

One of the most critical factors behind XRP’s rise, the report notes, is thewith, a move widely seen as favorable for the crypto industry.

Ripple’swith the SEC under Gensler had cast a shadow over XRP for years. Thebrought renewed hope for resolution and regulatory clarity, which triggeredin the market.

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Bitcoin & Ethereum Also Benefit from Political Shift

While XRP was the biggest gainer,also posted notable gains in November 2024:

• Bitcoin (BTC) rose 37.4%, eventually hitting the $100K milestone
  
• Ethereum (ETH) surged 47.4% during the same period
  

The report praisesfor its reduced energy use, while also criticizing.

XRP and the Trump Effect: A Turning Point for Crypto?

The report concludes that, combined with the, created afor XRP to thrive. With clearer policy directions and reduced legal risks, XRP attracted significant investor interest.As the U.S. regulatory landscape evolves, XRP’s performance may become a.

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