XRP Price Patterns And 2024 Election Spark Talk Of A New Rally

Analysts are once again paying close attention to the price trend of XRP and the US election cycles. Many people who follow the market say that if a crypto-friendly candidate wins, XRP could go through a big jump, similar to what happened after other elections. Could this be the start of another rally?

After the 2016 and 2020 US elections, XRP’s value skyrocketed, as expected by market observers. These two major occurrences benefited cryptocurrencies, which analysts expect to happen again in 2024 under Donald Trump.

Market expert Mikkybull observes a “symmetrical triangle” pattern that preceded these elections and led to significant achievements. Since XRP has achieved these highs before, some wonder if history will repeat.

$XRP huge acceleration is coming

Look at the past elections and see what follows. pic.twitter.com/ufcqC8v5Y5

— Mikybull