#TRUMP If Trump brings in a Federal Reserve chairman who supports Crypto Assets, these three alts may soar!


In the crypto altcoin market, a quiet but effective expectation is rising: former President Donald Trump may appoint a pro-crypto person to the (Fed) of the US central bank. The person mentioned is Kevin Walsh. Worth is known for his previous positive comments on Bitcoin, and if he is appointed, the market could trigger a strong upward wave. So, what altcoin buying opportunities does this development offer investors? If this happens, here are three strong altcoins that could shine...
Ripple (XRP): ETF, SWIFT, and The Federal Reserve (FED) interaction is about to rise.
As one of the veteran players in the crypto market, XRP may be greatly affected by Warsh's appointment. This is because on Ripple's side, there are both ETF applications and possible SWIFT integration. If the new chairman of the Federal Reserve (FED) has a positive attitude towards Crypto Assets, these developments could open doors for XRP.
In terms of technical analysis, XRP also shows promise. Currently, it is struggling to break through the upper boundary of the descending channel pattern. At the same time, the ADX indicator shows a weakening of the downtrend. This also means that XRP has strong rebound potential. If a breakout occurs by the end of 2024, it wouldn't be surprising for the price to rise rapidly.
Solana (SOL): The ETF agenda boosts rise potential
If crypto-friendly names like SOL and Warsh take over the Federal Reserve (FED), there may be positive developments in ETFs. As expectations for a spot Solana ETF increase in the United States, such appointments could reinvigorate investor confidence and increase the inflow of institutional capital.
Technically, Solana is operating in a "falling wedge" pattern. If the resistance above this structure is broken, the price is expected to rise to the $250 level. Experts say that if the ETF approval coincides with a technical breakthrough, Solana could experience one of the biggest rebounds of the year.
Cardano (ADA): Is a 30% rise imminent?
Cardano, due to its technical appearance and "American departure" characteristics, is one of the altcoins that could benefit the most from any political changes. Especially with the resurgence of expectations for a spot ADA ETF, ADA faces strong potential.
According to renowned analyst Ali Charts, ADA is about to break out of a symmetrical triangle pattern. If this breakout occurs, the price could surge by 30% in the short term. Events like Warsh's appointment could accelerate this breakout and push ADA to new highs. This long-silent altcoin may re-enter the spotlight of investors.
TRUMP1,62%
BTC0,33%
XRP5,64%
ADX2,64%
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