XRP Went From 50 Cents to $3.40 After the Last Election. What History Says About the Midterms.

XRP (CRYPTO:XRP) trades at $1.41 as of September 19, 2026, fluctuating between $1.39 and $1.49 on the day. The coin is down 23.14% year to date and has fallen 52.74% over the past year. In the lead-up to the November…

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XRP (CRYPTO:XRP) trades at $1.41 as of September 19, 2026, fluctuating between $1.39 and $1.49 on the day. The coin is down 23.14% year to date and has fallen 52.74% over the past year.

In the lead-up to the November 5, 2024 election, XRP hovered around $0.50. By mid-January 2025, it had climbed to $3.40, a 580% increase, and it peaked higher still in July 2025 at $3.65.

With the November 3 midterms approaching and XRP now trading at less than half of its January 2025 peak, what insights does the previous election provide for the upcoming one?

The Election Was the Smaller of Two Catalysts

The election wasn’t the sole catalyst for XRP’s rise. The asset had navigated regulatory challenges for years, rooted in the SEC’s December 2020 lawsuit against Ripple, and by late 2024 the market had begun to price in a more favorable regulatory environment for cryptocurrencies in the US.