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Can Donald Trump Boost Cryptocurrencies Like Bitcoin, Ethereum, XRP (Ripple) & Co.?
The recent re-election of Donald Trump as President of the United States has sparked optimism among cryptocurrency investors. According to an article from wallstreet:online, Trump's presidency could lead to a favorable regulatory environment for digital assets such as Bitcoin and Ethereum. The appointment of Paul Atkins, known for his crypto-friendly stance, as the new head of the SEC is seen as a positive step towards reducing stringent regulations that have previously hindered market growth.
This development comes at a time when cryptocurrencies are experiencing significant gains; with total market capitalization rising from $2.66 trillion to $3.55 trillion following Trump's election victory. Investors are hopeful that further initiatives under Trump's administration will continue this upward trend in the crypto markets.
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Ripple (XRP) Faces Crucial Decision Amid Market Volatility
Krypto Guru reports on Ripple's volatile journey recently where its price dropped below $1.90 USD but later rebounded due to announcements regarding their stablecoin RLUSD launch. This news temporarily boosted XRP prices up to nearly $2.60 USD before settling back down amidst declining trading volumes.
The future outlook hinges on whether XRP can sustainably break past resistance levels around $2.60 USD, which would pave the way for potential yearly highs or risk forming bearish patterns leading possibly lower towards support zones near $1.60 USD if corrections occur first instead, according to Manuel Barowski’s analysis shared by Krypto-Guru.de.
XRP Set For Massive Rally? Analyst Predicts Price Surge To 20 Dollars
An intriguing prediction comes via decentralist.de where CredibleCrypto anticipates substantial increases ahead based upon Elliott Wave Theory suggesting an imminent third wave phase potentially driving values upwards reaching targets close to twenty dollars per token, representing over a seven hundred percent rise from current valuations approximately two forty-four each today!
Caution is advised though given possible interim dips beneath threshold points like those mentioned earlier, however, long-term bullish sentiment remains strong, encouraging strategic buys during retracement periods especially within designated orange support areas identified throughout technical assessments provided therein too!
Stablecoin RLUSD Expected To Increase Demand For XRP Says Axelar Co-Founder
A report by Cointelegraph Deutschland highlights Georgios Vlachos' optimistic view about how newly introduced stablecoins, including upcoming releases tied directly to existing networks, should positively impact overall demand metrics surrounding core offerings, namely XRPL EVM Chain integrations alongside seventy other blockchain connections already established globally thus far, enhancing transactional capabilities exponentially moving forward into next year beyond initial rollout phases currently underway now...
"Many people use stablecoins both transactionally and for storing value, particularly in emerging economies," explains Vlachos, adding "RLUSD transactions primarily conducted through ledger sidechains ultimately boosting native currency usage significantly overtime."
Conclusion:
(Note: All information presented here sourced from respective articles cited above without direct hyperlinks included intentionally respecting original publication rights accordingly.)
Sources:
- Kann Donald Trump Kryptowährungen wie Bitcoin, Ethereum, XRP (Ripple) & Co. noch weiter steigen lassen?
- Ripple (XRP) VOR WICHTIGER ENTSCHEIDUNG!
- Ripple: Massive Kursrallye? Analyst sieht XRP bei 20 Dollar
- Stablecoin RLUSD wird Nachfrage nach XRP steigen lassen: Axelar-Mitbegründer optimistisch
- RLUSD: Ripple Stablecoin kommt heute auf den Markt – XRP im Plus
- XRP & DOGE: Ausbruch? Diese Marken zählen! Plus BTC, ETH & SOL
