XRP price has risen this week after falling to a crucial support level that could determine its trajectory this month. With Ripple showing strength above $2.3, here are some of the top XRP rivals that could benefit even if the US government shuts down tomorrow.
XRP Rivals to Buy if There’s a US Government Shutdown Tomorrow
The risk of a government shutdown dropped after Chuck Schumer, the minority leader, reluctantly supported the Republican-passed bill. He argues that shutting the government would benefit Trump and Elon Musk as they continue to slash government spending.
If it happens, a government shutdown would benefit XRP and its top rivals because it would raise the chances of a recession. That would happen as the US continues its trade war with other countries. A recession would push the Federal Reserve to accelerate its interest rate cuts, a move that would benefit crypto prices. Some of the top XRP rivals to buy are Binance Coin (BNB), Stellar (XLM), and Mantra (OM).
Binance Coin (BNB)
BNB is one of the top XRP rivals to buy even if there is a government shutdown because of its numerous catalysts. WSJ reported that the Trump family wants a stake in Binance US, a positive thing since Trump is still the US president. BNB Chain is working on the Pascal upgrade whose hard fork will happen on March 20. It has two other planned upgrades by June.
BNB price has formed a giant cup and handle pattern on the weekly chart, with the current consolidation being part of the handle section. Based on the cup’s depth, the most likely BNB price forecast is bullish, with the next possible target being at $1,100.
BNB Price Chart
Stellar (XLM)
Stellar is also one of the leading XRP rivals to buy even if a government shutdown happens. XLM is often seen as XRP’s cousin because they are in the payment industry and Stellar’s founder was one of the co-founders of Ripple.
XLM price has dropped by 56% from its highest level this year, but is showing signs of bouncing back. The coin has formed a falling wedge pattern on the weekly chart below.
This popular pattern is made up of two descending and converging trendlines, which are about to meet now. That is a sign that the Stellar lumens price will have a bullish breakout in the near term, a move that may see it retest the psychological point at $0.50, up by 80% from the current level.
XLM Price Chart
Mantra (OM)
Mantra is another top Ripple rival to consider. OM is one of the best-performing cryptocurrencies in the last 12 months as it jumped by almost 1,000% because of its role in the Real World Asset (RWA) tokenization industry.
Mantra price jumped to a record high of $9.1265 in February and has pulled back to the current $6.5. It remains above the 100-day moving average, and most importantly, it has formed a falling wedge pattern. It has also formed a bullish pennant pattern.
Therefore, the Mantra price will likely have a strong bullish breakout, potentially to $9.12, its all-time high, followed by $10.
Mantra Price Chart
Other Ripple Rivals to Buy In Case of a Government Shutdown
Some of the other notable crypto to buy and consider in case of a government shutdown are Polkadot (DOT), Algorand (ALGO), Kusama (KSM), and IOTA (IOTA).
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