Historical replay · XRP/USD
XRP's Post-Election Rally (November 2024)
In the weeks following the 2024 US election, XRP surged from around $0.50 to over $2.50 — one of the sharpest rallies of any major cryptocurrency that cycle, fueled by hopes of a friendlier US regulatory stance. Watch the acceleration unfold.
XRP had spent years trading under a regulatory cloud due to Ripple Labs' ongoing SEC lawsuit over whether XRP itself qualified as an unregistered security. Following the November 2024 US presidential election, markets began pricing in the likelihood of a more crypto-friendly regulatory approach and a change in SEC leadership, and XRP — one of the tokens most directly affected by that specific legal question — reacted especially sharply.
Within the specific window replayed here, XRP surged from roughly $0.89 to an intraday high above $1.27 — a gain of more than 40% — before settling around $1.11, one of the single sharpest bursts within the broader multi-week rally that would ultimately carry the token above $2.90 by early December.
In the weeks that followed, the move settled into a wide, volatile range rather than continuing in a straight line — a common pattern after this kind of rapid, narrative-driven repricing, where the easy gains from "catching up" to a new expectation have already happened and the market shifts to digesting the move rather than extending it.