The US Presidential debate between Republican candidate Donald Trump and Democratic President Joe Biden is set to take place on Thursday. Investors are keeping a close eye on several tokens for a potential rally.
Ethereum (ETH) has seen a nearly 3% increase on Thursday, fueled by the upcoming launch of a spot ETH ETF and positive on-chain metrics hinting at a possible rally in the near future.
Meanwhile, Ripple (XRP) is holding steady around $0.47 despite a recent decline. On-chain data reveals that different groups of XRP investors reacted differently to the price drop, with whales holding between 1 million and 10 million XRP selling off their tokens at a loss. Typically, after a capitulation, an asset is expected to rebound.
Overall, investors are closely monitoring these tokens as the debate unfolds and potential market shifts could occur.