The market has faced many legal and government challenges and is now hoping for better policies with the new administration. Partisans will likely have a say in U.S. tech rules after President-elect Donald Trump, who takes office Monday, named several of them to key positions. As a result, the crypto market is already experiencing exponential growth, with several altcoins expected to skyrocket on January 20. Interestingly, Trump’s official meme coins Solana and XRP could create new ATHs on Monday.
A ‘Trump Pump’ Could Exceed Buyers’ Expectations
With less than a day until President-elect Donald Trump’s inauguration on January 20, traders are eager to see how his administration, which is said to support crypto, will influence the future of the sector.
Also read: XRP Lawsuit News: Ripple’s Fight With SEC Faces New Twist As Trump Promotes Meme Coin
Bitcoin hit its highest price of 2025 on Friday as investors eagerly await Donald Trump’s second presidential inauguration on January 20. Trump reportedly intends to immediately sign more than 100 executive orders, some of which could relate to Bitcoin and the broader crypto market.
As a result, several altcoins, as well as a new coin launched by Donald Trump, began to see significant increases in value. However, there is also concern about possible pump and dump projects in the market, although the likelihood of this happening is quite low.
Official Trump Price Analysis
Donald Trump announced a new cryptocurrency called Trump memecoin just days before his inauguration. Despite fears of potential scams, enthusiasm has pushed the value of memecoin on the Solana blockchain to reach a market capitalization (FDV) of over $38 billion.
The hype is expected to intensify as the meme coin endorsed by the new president boosts traders’ confidence. Currently, the official Trump meme coin is trading at $38.8, having surged over 190% in the past 24 hours.
The Trump coin is expected to maintain its buying demand on January 20. With the price chart showing an ascending wedge trend, the coin’s value is expected to skyrocket above $40. The target price for January 20 is set between $70 and $80.
Solana (SOL) Price Analysis
Solana price continues to break above immediate resistance lines, reaching its November highs. At the time of writing, SOL price is trading at $270, an increase of over 8.9% from yesterday’s rate.
The 20-day average price started to rise and the Relative Strength Index (RSI) moved into overbought territory, hinting at a minor retest of the immediate support level. There is slight resistance at $303, but it is expected that this price can be breached. If so, the SOL/USDT pair could reach $350 tomorrow.
XRP Price Analysis
XRP continues to grow due to the fact that the new SEC may introduce new crypto policies, which would have a positive impact on Ripple’s lawsuit. XRP price has risen exponentially and is preparing for further rises tomorrow by consolidating at $3.2.
For a strong rise, XRP must hold above the EMA20 trendline. As the RSI level continues to hover around the 60 level, XRP price could skyrocket towards $3.8-$4.