XRP to $6 and $13: New Hope Emerges for Ripple and XRP as President-elect Donald Trump Returns to the Oval Office

President-elect Donald Trump's successful bid for a return to the Oval Office ignited a bullish trend in the cryptocurrency market in the past few days.

Fresh from his successful bid for a return to the Oval Office, President-elect Donald Trump has managed to ignite a bullish trend in the cryptocurrency market over the past few days. As the needle-mover in the crypto market, Bitcoin (BTC) price surged to a series of new all-time highs this week.

However, many would agree that the response of XRP price to the positive sentiment has been rather underwhelming. It’s as if certain factors are suppressing the token from joining the league of crypto assets notching new highs. Several analysts are convinced that if XRP manages to overcome its key resistance levels, it could be due for an exponential bull run. One of them even laid the card on the token’s possible rally between $6 to $13.

Egrag Crypto, a pseudonymous analyst on X (formerly Twitter), recently shared a very intriguing analysis on XRP. According to the analyst, the token could rally to $6 or even $13 if it manages to clear out the $1.10 barrier. At this rate, the crypto asset needs to pump by nearly 100% to breach that boundary.

The analyst interestingly used an unorthodox “Just Do It” pattern to plot the forecast. As the name says, the indicator takes inspiration from the check mark logo of the Nike footwear company.

The parabolic pattern introduced by the analyst takes its form from the key support areas of the XRP price. Meanwhile, the launchpad is determined at the convergence point of the check mark and the line representing the simple moving average tops of the prices. In this case, the intersection fell within the $1.10 mark.

The analyst noted that once XRP establishes a strong foothold along the novel indicator’s crossing, the prices would go uphill. From there, token holders can “say goodbye to the $1 mark for good.”

#XRP – JUST DO IT! ? The $1.10 Ignition Stage?Key Targets:✅$13 ➡️ Logarithmic measured move✅$6.4 ➡️ Non-logarithmic measured moveIn both scenarios, $1.10 is our launchpad! ? Once we get a solid weekly close above $1.10 and confirm it as strong support, we can say… pic.twitter.com/88LA9NkwCj

A New Hope For Ripple And XRP As Trump Returns

During his campaign, Trump made it clear that he would fire Securities and Exchange Commission Chair Gary Gensler. This came following strong opposition from both Republican and Democratic crypto supporters to the “regulation by enforcement” approach of the official in policing the sector.

Now, the “fire Gary Gensler” movement is once again gaining traction in social media circles as the crypto community is now expecting Trump to fulfill his promise within his first 100 days in the White House next year.

If such an event comes to fruition, coupled with the eventual settlement of the Ripple case, there’s no doubt that XRP could be primed for short-term volatility upward in its aftermath. Once it manages to clear the psychological barrier of $0.60, it could reignite its momentum toward the $1 target.

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