TL;DR

• XRP saw strong gains in the last 24 hours, with analysts suggesting it could follow Dogecoin’s recent rally toward higher targets.
• The SEC lawsuit adds uncertainty to the asset’s performance, but Trump’s win has raised hopes for drastic changes at the regulator.

XRP to Cope DOGE’s Rally?

Many leading cryptocurrencies charted fresh daily gains today (November 12), and this time, Ripple’s XRP is among the best performers. Its price is up 9% on a 24-hour scale, briefly surging to an eight-month high of $0.67 and currently trading at approximately $0.64 (per CoinGecko’s data).

According to numerous market observers, XRP is poised to experience a major bull run soon, similar to other altcoins that have taken center stage lately.

The X user Mikybull Crypto believes the asset could copy Dogecoin’s (DOGE) “massive surge,” setting a target of $2. The biggest meme coin has witnessed a price explosion of 260% in the past month, reaching a three-year high of over $0.44. As of the moment of writing these lines, it trades slightly that mark.

Cryptoinsightuk shared a similar thesis, predicting that XRP might mimic the gains of DOGE and ADA. “I honestly feel a clean break of