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Solana (SOL) and Ripple (XRP) Price Predictions Look Bullish as Donald Trump's Win Excites the Crypto Market

Susan Sarandon
Release: 2024-11-12 10:36:18
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With the recent U.S. presidential election ending, activity within the crypto market has seemingly picked up regarding price movements. Thanks to Donald Trump's win, the community is now interested in a lot of altcoins.

Solana (SOL) and Ripple (XRP) Price Predictions Look Bullish as Donald Trump's Win Excites the Crypto Market

Recent developments in the crypto market have seen a surge in activity, particularly following the conclusion of the U.S. presidential election. With Donald Trump's victory, the community has shown keen interest in various altcoins.

Solana (SOL) and Ripple (XRP) have both seen promising price movements. Even analysts like Immortal and InvestingHaven have made bullish price predictions for these crypto coins.

Solana (SOL) Price Prediction by Expert

Solana (SOL) is among the top altcoins. According to CoinMarketCap, the Solana price has surged 25% over the last 30 days. During this period, the altcoin price moved between $148 to $186. Also, the Solana market cap increased from $69B to $87B.

Crypto analyst Inmortal remains optimistic about this altcoin. In his X post, he states that those who liked Solana (SOL) below $200 will love it once it hits $500. This Solana price prediction has created a buzz.

TradingView shows that the Solana crypto is trading above its 20-day EMA ($166) and 50-day EMA ($158). Moreover, its momentum indicator is 9.22, which lies in the buy zone. Hence, this bullish trend might continue for Solana.

In light of the recent Canary Capital filing for a Solana ETF, the future of this crypto looks promising. More people will be able to tap into its growth without purchasing it.

Ripple (XRP) Price Poised for Breakout

Ripple (XRP) is also seeing some growth. As per CoinMarketCap, on the one-week chart, the Ripple price surged nearly 2%. This altcoin traded between $0.52 and $0.53 during that period.

Many speculate that following his win, Donald Trump could fire Gary Gensler as the head of the SEC. This might trigger a major rally for the Ripple crypto as a potential end to its case against the SEC may come.

Crypto expert InvestingHaven also made a bullish statement for Ripple (XRP). According to his X post, the Ripple coin now sees a bullish triangle pattern with a potential breakout level at $0.625. His Ripple price prediction anticipates a surge to $0.88 or even $1.91.

Technicals for Ripple also show some good signs. According to TradingView, this altcoin is trading above its 20-day EMA ($0.522) and 30-day EMA ($0.528).

Crypto Market State After U.S. Election

People are excited about Donald Trump's win, especially in the crypto space. Many traders are ready to capitalize on the opportunity, hoping for favorable policies like lower taxes and fewer regulations. Solana and Ripple lead the charge, but the entire market is up, starting with meme coins, DeFi coins, and more.

Lunex Network (LNEX) at a Glance

While Solana and Ripple take the center stage post-election, Lunex Network (LNEX) is emerging as the hidden gem in the crypto market. Staking, governance voting rights, and more are just a few of the perks that come with holding this altcoin, designed to generate passive income. It recently completed its presale stages with 58% gains. Its long-term growth potential could be exceptional, given the DeFi market's projections to reach a staggering $376M by 2025.

Here's where you can find more about Lunex Network (LNEX):

Website: https://lunexnetwork.com

Socials: https://linktr.ee/lunexnetwork

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