Market analyst Mikkybull recently shared an XRP chart noting that historically, XRP has tended to experience huge rebounds after elections. This pattern played out in 2016 and 2020. After the 2016 elections, the price of XRP initially fell for about four months. However, in March 2017, XRP rose an astonishing 60,000% to reach its all-time high (ATH) of $3.31. Mikkybull expects the historical pattern to unfold, indicating that XRP is on the verge of another breakout. This view is reinforced by the altcoin’s recent 22.46% surge in November. XRP is currently trading at $0.6154, up over 11% in the last 24 hours.
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