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Simon Chandler
Author
Simon Chandler
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XRP has remained mostly flat in the past 24 hours, with its price sticking to $0.5836 as the cryptocurrency market as a whole rises by 1%.
Today marks something of a pause in what has been a remarkable weekend for crypto, with XRP riding a wave of bullishness to post a 15% gain in a week.
On the other hand, XRP has underperformed relative to other major tokens, with the alt up by a modest 8% in a month and actually down by 13% in the past year.
Yet some analysts are now arguing that this puts XRP in a strong position to rally hard very soon, with historical patterns suggesting that it gain by anything between 700% and 60,000% in the wake of Donald Trump’s election victory.
XRP Set for Massive 700% to 60,000% Surge? Historical Election Patterns Hint So
Posting on X, analyst @MikybullCrypto highlighted the fact that XRP had rallied significantly in the wake of the previous two elections, in November 2016 and 2020.
Most impressively, it rallied by close to 60,000% in 2017, as Trump entered the White House for the first time.
And given that Trump will be taking the presidency again in January, we could see a similar surge in the coming months.
Assuming a best-case scenario increase of 60,000%, this would imply an XRP price of around $350, and a market cap of roughly $20 trillion.
This makes it seem less than realistic, although it should be noted that XRP increased by a less extreme 700% after Joe Biden’s victory in 2020.
This may be more realistic, given how established XRP is, although the exuberance surrounding Trump’s second term may point to something a little higher than 700%.
We are definitely in a bullish accumulation phase, with whales stocking up on XRP in pretty large quantities.
In the shorter tern, XRP is ready to leap upwards again, with its indicators signalling renewed momentum.
Its RSI (purple) has moved up to 50 in the past few hours, as buyers take advantage of last night’s small dip.
We also see XRP’s current price climb over its 30-period moving average (orange), another, sign that the coin is about to enjoy another breakout.
And with its trading volume at $4.7 billion, we could see the XRP price hit $0.60 in the next few days, before ending the month at $0.70.
New Presale Tokens for Big Returns
While XRP may be too mature to post 60,000% returns, there are other coins in the market that, starting from a very low base, could surge during the current bull market.
This includes presale coins, which can generate lots of momentum during their sales and then rally hard upon listing for the first time.
One coin with a great chance of doing this is layer-two project Pepe Unchained (PEPU), which has now raised a whopping $26.6 million in its very popular sale.
Pepe Unchained is close to launching its L2 network for Ethereum, with its platform offering near-instant transactions and very low fees.
Its long-term goal is to become an ecosystem for meme tokens, potentially attracting usage away from existing L2s such as Base and Optimism, as well as from Solana.
One incentive to joining its network is that, because of its greater scalability, it will offer double the staking rewards it would have as a layer-one meme coin running directly on Ethereum.
This could result in considerable demand for PEPU, which will also be necessary to pay for the network’s transaction fees.
One of the most bullish aspects of Pepe Unchained is its growing community, with its official X account now reaching more than 50,000 followers.
Read More: Pepe Unchained Price Prediction
This is massive for a token that hasn’t even launched, with new investors able to join PEPU’s sale at the coin’s official website.
It’s now selling at $0.01249 per token, with this price set to rise in 12 hours, so new buyers should move quickly.
Given its raise and the size of its community, PEPU has more chance than any other presale coin of rocketing once it lists.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
