Old cryptos shake markets ahead of Trump’s inauguration: XRP hits record highs, LTC surges on ETF optimism

Digital coins traded in the green on Thursday as the global crypto market cap recovered past $3.5 trillion.

While newer tokens often dominate trends during market rallies, this time's cycle appears different.

Og crypto projects such as Ripple's XRP and Litecoin remain on investor radar with remarkable price actions.

The uptrends as crypto markets anticipate a pro-crypto United States government after Trump's inauguration on 20 January.

Experts believe the new leadership will transform the digital assets space, with friendly regulations promising markets' stability and massive adoption. .

XRP bulls disregard SEC appeal: price touches 7-year peaks

The remittance token topped the $3 mark today, to change hands at $3.27 during this publication.

The latest leg up saw XRP exploring levels never hit since early 2018.

The altcoin's current performance grabbed attention as XRP remained unbothered by the latest SEC appeal.

The Securities and Exchange Commission has challenged the court's July 2023 decision that ruled that XRP sales to retailers didn't violate securities regulations.

XRP exhibits bullishness despite the latest SEC's appeal, extending yesterday's gains to surpass $3 on Thursday.

Analysts predict a favorable outcome for XRP under the new Paul Atkin's SEC guidance.

XRP's swift resurgence from $2.20 on 3 January has triggered colossal bullish expectations, with some projecting double digits this year.

Ali Charts trusts XRP boasts the momentum needed to hit $10 in the coming sessions, citing bullish pattern breakout and whale accumulation.

An XRP reserve under Donald Trump's administration could fuel XRP's explosive gains in the upcoming months.

ETF speculations fuel LTC gains

Litecoin has displayed remarkable performance lately, gaining nearly 20% and 18% in the past week and day.

The digital coin trades at $116 after topping $120 today.

Meanwhile, optimism over an LTC exchange-traded fund approval catalyzed Litcoin's recovery.

Canary Capital amended its LTC ETF filing, sparking speculations that regulators might consider Litecoin after Bitcoin and Ethereum ETFs.

These speculations attracted massive buying activity from retail and institutional players.

Litecoin's trading volume increased by over 200% in the past day to exceed $2 billion.

Such trends reflect robust interest in LTC's prevailing performance.

Events like the BTC ETF approval catalyzed notable gains, and enthusiasts expect similar success from Litecoin.

On-chain data supports the increased investor appetite for LTC.

According to Santiment, investors holding over 10,000 Litecoin assets scooped around 250K tokens over the past few days.

The massive whale accumulation reflects large-scale investor conviction of LTC's future gains.

Technical signals suggest enhanced momentum.

Litecoin has rebounded from the support barrier at $98 thrice since 20 December. That affirms the foothold as a reliable Launchpad for stable gains.

An LTC ETF will likely establish Litecoin as a giant in the crypto space, attracting retail and institutions in the coming months.

Analyst Xero expects the altcoin to hit $175 soon as "everything is going according to plan."