From March to the end of October, a tedious period made traders increasingly cautious. We witnessed days when the losses experienced by altcoins could not be compensated for by Bitcoin 
$77,196 price rallies. However, the situation has changed. Trump, by adopting a stance beyond that of an average Bitcoin maximalist, promised significant developments for cryptocurrency and subsequently won the elections.
Why is XRP Coin Rising?
Trump has been announcing the names of individuals he intends to appoint across various institutions, with the announcement of the SEC‘s new head imminent. Although the Fed Chair will continue in their role, the SEC is poised for a leadership change. Recently, comments made by Gensler led the markets to interpret it as a “farewell address.”
Gensler expressed his satisfaction with working at the SEC. Additionally, the lawsuit initiated against the SEC Chairman and commission members by 18 states has also contributed to the upward momentum.
XRP Coin Price Performance
The ongoing lawsuits with Ripple 
$1 are set to conclude. Trump’s crypto-friendly presidency and clear regulatory promises render the new lawsuits prepared with Wells notices ineffective. It’s not just XRP Coin that’s expected to rise; all altcoins that have been labeled as securities by the SEC and are undergoing litigation should follow suit.
So, why is only XRP on the rise? While Bitcoin prices drop amidst expectations that the Fed will halt interest rate cuts, altcoins tend to draw interest during downturns, driving their prices up. Currently, XRP is that altcoin, supported by a compelling narrative for its rise.
In just 10 days, XRP Coin price surged by 80%. This is indeed impressive. XRP Coin, targeting the parallel channel resistance previously noted, may see profit-taking around $0.937 as it approaches this level.
In the short term, technical indicators suggest that the upward trend may soon pause, but this could be overturned by headlines like “SEC Chairman Resigned.” We are witnessing a historically significant moment where elections in a massive country like the United States could alter the fate of cryptocurrencies, potentially ousting the SEC Chairman who has been at odds with the industry.
In a potential surprise pullback, the $0.75 to $0.73 range could serve as support.
