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Donald Trump

<p>Ripple is currently locked in a high-stakes <a href="https://coinpedia.org/news/ripple-vs-sec-update-key-win-for-ripple-as-court-speeds-up-xrp-lawsuit-judgment/" target="_blank" rel="noreferrer noopener">legal battle with the U.S. Securities and Exchange Commission</a> (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%.</p>   
<p>Is the rally here to stay, or are there warning signs ahead? </p>   
<p>Crypto analysts, including <a href="https://x.com/JA_Maartun/status/1862537501400822085" target="_blank" rel="noreferrer noopener nofollow">Maartunn</a>, are urging caution. Let’s dive into the details and explore what’s driving XRP’s current momentum—and what could come next.</p>   
<h2 class="wp-block-heading" id="h-xrp-outperforms-the-market">XRP Outperforms the Market</h2>   
<p>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%.</p>   
<h2 class="wp-block-heading" id="h-caution-investors">Caution, Investors! </h2>   
<p>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%.</p>   
<p>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.</p>   
<h2 class="wp-block-heading" id="h-what-s-driving-the-xrp-price">What's Driving the XRP Price? </h2>   
<p>A major factor driving XRP’s growth is <a href="https://coinpedia.org/news/2024-us-elections-result-donald-trump-officially-elected-president/" target="_blank" rel="noreferrer noopener">Donald Trump’s recent election win</a>. His presidency is seen as favorable for the crypto industry, boosting investor confidence. XRP has been a standout performer in this post-election rally.</p>   
<p>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.</p>   
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 <img src="https://image.coinpedia.org/wp-content/uploads/2024/11/30140659/image-326-1024x576.png" alt="" class="wp-image-387437">
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<p>Another major catalyst was the resignation announcement of <a href="https://coinpedia.org/news/big-breaking-sec-chair-gary-gensler-officially-resigns/" target="_blank" rel="noreferrer noopener">SEC Chair Gary Gensler</a>, known for his tough stance on crypto, particularly against Ripple. Following this news on November 21, XRP jumped from $1.10064 to $1.24677.</p>   
<p>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.</p>   [post_titles_links postid="387412"]   
<p><strong>Ripple's Strategic Moves </strong></p>   
<p>Ripple has also made key strategic moves, including investing in <a href="https://coinpedia.org/news/xrp-the-next-big-crypto-spot-etf-bitwise-outlines-key-observations/" target="_blank" rel="noreferrer noopener">Bitwise’s XRP</a> 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.</p>   
<p><a href="https://coinpedia.org/price-analysis/xrp-achieves-a-100b-market-cap-after-22-rise-in-just-a-few-hours-new-ath-at-5-is-loading/" target="_blank" rel="noreferrer noopener">XRP’s recent surge </a>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.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732956186013">
  <strong class="schema-faq-question"><strong>How much has XRP gained since Trump’s election win?</strong></strong> 
  <p class="schema-faq-answer">XRP has increased by more than 273% since Trump’s election win, with notable gains in recent weeks.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732956205025">
  <strong class="schema-faq-question"><strong>Why is XRP's price surging recently?</strong></strong> 
  <p class="schema-faq-answer">XRP's surge is driven by Trump’s election win, SEC Chair Gensler's resignation, and Ripple's ecosystem-expanding initiatives.</p> 
 </div> 
</div>

XRP Price Surges 262% in 30 Days: Is a Correction Coming?

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