Bitcoin and Ethereum have enjoyed “technical” regulatory endorsements in the form of ETF approvals in recent months. Hence, investors now anticipate that a Trump presidency could have a bigger impact on crypto assets like XRP, widely-perceived to have been held back by regulatory opacity and a barrage of lawsuits by the SEC during the outgoing the Biden administration.

If this scenario becomes a dominant market theme, XRP price could be on the verge of advancing further towards the $0.70 level, especially if the campaign polls further tilt in favour of Donald Trump’s candidature.

XRP Price Forecast: Outperforming BTC, ETH Could Spark $0.70 Rally

XRP has climbed 12.13% over the past three days, showing greater relative strength compared to Bitcoin (BTC) and Ethereum (ETH). Technical indicators suggest this could set the stage for a potential rally towards the $0.70 mark.

Firstly, the Parabolic SAR (Stop and Reverse) is positioned below the current price, suggesting an ongoing uptrend and providing immediate support at $0.49.

The Directional Movement Index (DMI) further supports this bullish outlook. The +DI (blue line) is above the -DI (orange line), indicating that bullish momentum currently outweighs bearish pressure.