How Will Trump Win Affect XRP Price?

The cryptocurrency community's spirits have been revived following Donald Trump's recent victory in the 2024 US presidential election.

As the market bullishly charged ahead, XRP also saw some vitality in the charts, adding $0.578 to its recent rally. However, the bears stepped in, dragging XRP down by over 5%.

Traders who booked profits in Ripple are now eyeing other altcoins, which seem to have a promising future trading performance.

Toncoin (TON) and DTX Exchange (DTX) have seen a massive capital inflow due to ecosystem developments, especially DTX Exchange, which crossed the $7 million mark in record time and saw users flocking to the platform.

How Will Trump Win Affect XRP Price?

The cryptocurrency community is in high spirits following Donald Trump’s recent victory in the 2024 US presidential election. Notably, the verdict in the SEC v. Ripple lawsuit will largely determine what happens to the XRP price.

According to experts, Trump’s administration is likely to view the lawsuit as an impediment to the US digital currency sector and may opt to settle the case in Ripple’s favor. This could involve an agreement that classifies current XRP sales as non-securities.

At the moment, XRP is trading at the upper boundary of the box pattern at $0.63, which acts as a crucial resistance level. Since July, XRP has been confined within this pattern, with a strong support level at $0.54. A breakout in either direction will dictate the fate of the XRP price in the coming months.

Toncoin (TON) New Addresses Tumbles, Forms Double Bottom Reversal Pattern

Despite the cryptocurrency market's uptrend, Toncoin (TON) has failed to break free from its downtrend. The composition of wallets that started using it has changed, leading to a decrease in Toncoin's utilization rate, as indicated by the proportion of active addresses making their first transaction. Investors' sentiment towards TON remains bearish, causing the price movement to stagnate. On the bright side, it has formed two lower lows, which could form a bullish reversal pattern if potential local resistances are broken.

The TON blockchain team has been actively rolling out innovations and additions to address network pain points and resolve issues, notably releasing major fixes. A week ago, the TON community unveiled two updates FunC 0.4.5 and v2024.10, designed to enhance productivity, robustness, and reliability within the ecosystem.

Multi-Asset Access Propels DTX Exchange To The Top

Gaining access to multiple assets requires traders to open separate accounts at different exchanges and brokerages, which can be quite inconvenient for those who trade in a variety of assets.

DTX Exchange, a unified trading platform that offers traditional assets like stocks, forex, and ETFs alongside digital assets like cryptocurrency and RWAs, has emerged as the solution to this problem.

Furthermore, one of the key aspects of DTX Exchange is its application of RWA (Real World Asset) tokenization, a domain that has been expanding rapidly, with the industry recently crossing the billion dollar mark. This versatility allows everyone to make investments, ultimately making it easier for users to build a diverse portfolio on a single platform.

In addition to the variety of options, DTX Exchange also boasts features like 1,000X leverage, which, if utilized properly and by experienced traders, can contribute to greater system profitability. The platform ensures customer confidence by maintaining an openness that prioritizes transparency and security, which is also the proud result of a successful audit by SolidProof.

The 4th stage presents the last chance for investors to invest in this game-changing exchange at a discounted price of $0.08. Based on its fundamental projections, the DTX token is bound to reach $1.5 by Q1 2025.

The above is the detailed content of How Will Trump Win Affect XRP Price?. For more information, please follow other related articles on the PHP Chinese website!