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Huge acceleration looms for XRP after elections: analyst claims

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Credit : coinpedia.org

Market analyst Mikkybull not too long ago shared an XRP chart noting that traditionally, XRP has tended to expertise large rebounds after elections. This sample performed out in 2016 and 2020. After the 2016 elections, the value of XRP initially fell for about 4 months. Nonetheless, in March 2017, XRP rose an astonishing 60,000% to succeed in its all-time excessive (ATH) of $3.31. Mikkybull expects the historic sample to unfold, indicating that XRP is on the verge of one other breakout. This view is strengthened by the altcoin’s current 22.46% surge in November. XRP is at the moment buying and selling at $0.6154, up over 11% within the final 24 hours.

READ  XRP Ledger shows signs of increasing usage, suggesting XRP price increase

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