The cryptocurrency markets are rapidly rising after Trump’s electoral win. Polls had predicted Harris would lead, so Trump’s victory has triggered a significant upward movement. Experts suggest that historical data indicates the usual trends will continue in this cycle, implying that cryptocurrencies such as ADA, XRP, and DOGE may still be undervalued.
Ripple (XRP)
As of this writing, the price of XRP Coin is hovering around $0.53. Although it started the day with a 4% gain, next year could see significant volatility following Trump’s dismissal of the SEC Chair. The incoming president may not be persistent during the appeals process, potentially leading to a more favorable stance towards crypto and concluding years of conflict.
With $0.55 turning back into support, $0.58 could be surpassed, with $0.63 as a target.
Cardano (ADA)
Despite experiencing double-digit gains over two days, ADA Coin remains below $0.40. If it begins closing above $0.364, trials at the $0.448 resistance may follow. Investors are showing frustration due to Cardano $1‘s inability to meet expected developments, yet it remains one of the largest altcoins by market value.
Dogecoin (DOGE)
The price holding at $0.153 is preparing for elections, with Dogecoin $0.440797 ranking among today’s top gainers. Trump is crypto-friendly, and Elon Musk’s suggestions are winking at the king of meme coins. All these factors make DOGE’s rise quite significant.
With a 45% increase in just two days, the largest meme coin is now struggling under the resistance of $0.202. Above this barrier, a target of $0.23 could be set, followed by $0.28 and $0.30. It is not overly optimistic to think Dogecoin could approach the $1 target it neared in 2021 during this unique bull phase.
Currently, the BTC price stands at $74,500, and major cryptocurrencies like SOL Coin and ETH also continue the day with over 5% gains.