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Ripple’s native token, XRP, spiked 5% in the indices on US election day as the results poured in. XRP touched a high of $0.53 and is attracting bullish sentiments in the indices. The broader cryptocurrency market remains in the green, with Bitcoin inching toward a 10% climb. The shift in the market trend is due to the US election, as investors remained on the sidelines before the counting. Also Read: Elon Musk To Make Donald Trump Talk About Dogecoin? Apart from Bitcoin Ripple’s XRP, Dogecoin spiked the highest as it surged nearly 25% in the charts on the election results day. The spike comes after speculation that Donald Trump could give Elon Musk a cabinet role if elected. This made investors take entry positions in Dogecoin hoping that the cryptocurrency could soon be endorsed by the President-elect. Also Read: Can US Election Results Propel Bitcoin (BTC) Towards $80K? Ripple: What is Next for XRP After US Election Results? Source – CryptoRank Leading on-chain metri...

The Bitcoin price jumped 3% in the last 24 hours to trade at $60,716 as of 04:02 a.m. EST on trading volume that skyrocketed 46% to $29 billion. This comes as Zach Pandl, managing director of research at fund management giant Grayscale Investments, said that Bitcoin will skyrocket in future regardless of the outcome of the upcoming US election. Bitcoin Price Is Set For A Rebound The Bitcoin price has been on a downtrend since it hit its all-time high of $73,737 in March, trading within a falling channel pattern, data from GeckoTerminal shows.  With the price of Bitcoin having retested the $70,000 resistance, the BTC bulls are aiming to propel the price to the resistance and soar higher. The Relative Strength Index (RSI) seems to be rebounding from the neutral zone and surging towards the overbought region, currently at 50. This is an indication that buyers are buying and also preparing to buy more as the RSI moves in equilibrium. If the buyers enter into more positions at t...