History Says This Cryptocurrency Could Go Parabolic After the 2026 Midterm Elections

Key Points XRP has shown explosive upside potential in the past, even if currently trades for just $1.35. In 2024, XRP skyrocketed 580% after the presidential election. If pro-crypto candidates perform well in the 2026 midterms, XRP might also skyrocket in value. 10 stocks we like better than XRP › XRP (CRYPTO: XRP) may trade at just $1.35, but it has had several periods in the recent past when it has delivered truly explosive returns in a very short time. That's why XRP is currently my top pick for the one cryptocurrency that could go parabolic after the 2026 midterm elections. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » A history lesson from 2024 Just think back to November 2024, in the days leading up to the presidential election. At the time, XRP was trading at just $0.50, and many investors had given up on it entirely. A long-running SEC case against Ripple (the company behind the XRP token) showed no signs of ending, and XRP was largely trading sideways throughout 2024. But within a matter of weeks, XRP went parabolic. Between November 2024 and January 2025, XRP soared from $0.50 to $3.40, a gain of 580%. As a result, top investors rushed to put out aggressive new price targets for XRP. Some even think XRP might break through the $10 mark by the end of the year. Image source: Getty Images. Those gains can be directly chalked up to the pro-crypto agenda of the incoming presidential administration . After Donald Trump won the election, investors rewarded cryptocurrencies across the board with much higher valuations. Bitcoin soon crossed through the $100,000 mark, and cryptocurrencies such as Solana hit new all-time highs in January. Can history repeat? As longtime investors know, past performance is no guarantee of future performance. Just because XRP has gone parabolic in the past doesn't mean that it will do so again . The good news, though, is that Ripple CEO Brad Garlinghouse has been a regular at White House crypto events, and his vision for a modernized, blockchain-based payment system has attracted the attention of top Trump administration officials. Ripple is arguably one of the top companies at the center of President Trump's vision to make America "the crypto capital of the world." So it's quite possible that, if pro-crypto candidates rack up wins in the 2026 midterms, it could be off to the races for XRP. All told, the crypto industry has poured close to $200 million into the midterm elections, so there's obviously a lot at stake. Standard Chartered currently has a $12.50 price target on XRP for 2028. So it's within the range of possible outcomes that XRP could 10x in value over 24 months. What is the likelihood of XRP going parabolic? The only problem, of course, is that XRP has perennially overpromised and underdelivered. Despite past bouts of explosive price performance, it still trades for just $1.35. Its all-time high, after more than a decade of trading, is just $3.84. So keep your expectations in check. Should you buy stock in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and XRP wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $421,997 !* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,413,876 !* Now, it’s worth noting Stock Advisor’s total average return is 978 % — a market-crushing outperformance compared to 213% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor , and join an investing community built by individual investors for individual investors. See the 10 stocks » *Stock Advisor returns as of September 6, 2026. Dominic Basulto has positions in Bitcoin, Solana, and XRP. The Motley Fool has positions in and recommends Bitcoin, Solana, and XRP. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy .

XRP has shown explosive upside potential in the past, even if currently trades for just $1.35.

In 2024, XRP skyrocketed 580% after the presidential election.

If pro-crypto candidates perform well in the 2026 midterms, XRP might also skyrocket in value.

XRP (CRYPTO: XRP) may trade at just $1.35, but it has had several periods in the recent past when it has delivered truly explosive returns in a very short time.

That's why XRP is currently my top pick for the one cryptocurrency that could go parabolic after the 2026 midterm elections.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »

Just think back to November 2024, in the days leading up to the presidential election. At the time, XRP was trading at just $0.50, and many investors had given up on it entirely. A long-running SEC case against Ripple (the company behind the XRP token) showed no signs of ending, and XRP was largely trading sideways throughout 2024.