AI Summary
- Ripple’s XRP token surged 30%+ over the past 24 hours after news of Gary Gensler’s departure from the SEC was made public on Twitter.
- Renowned for his strict stance on the cryptocurrency sector, Gary Gensler’s departure, coupled with a new Trump administration, could signal a new era for crypto regulation and acceptance in the U.S. economy. With SEC cases against various cryptocurrencies including XRP in the pipeline, with Gary Gensler gone, it could mean that those cases will be dismissed in court.
- XRP is up a whopping 154% over the last 2 weeks and 30% over 24 hours since Gary Gensler’s resignation tweet.
- On various platforms such as TradingView and Twitter, analysts have shared their thoughts on XRP’s price with $5.00 and a new all-time high potentially on the horizon if sentiments stay green.
Ripple’s XRP token surged 30%+ over the past 24 hours after news of Gary Gensler’s departure from the SEC was made public on Twitter.
Renowned for his strict stance on the cryptocurrency sector, Gary Gensler’s departure, coupled with a new Trump administration, could signal a new era for crypto regulation and acceptance in the U.S. economy.
With SEC cases against various cryptocurrencies including XRP in the pipeline, with Gary Gensler gone, it could mean that those cases will be dismissed in court.
Gary Gensler is gone, and Ripple goes up
XRP is up a whopping 154% over the last 2 weeks and 30% over 24 hours since Gary Gensler’s resignation tweet.
Many investors and traders believe with Gensler out of office, cases against Ripple may be dismissed in court as the new Trump administration, which is crypto-friendly, will turn the tide.
With D.O.G.E (Department of Government Efficiency) and Trump’s favorable opinion on crypto, new policies, and laws that go in crypto’s favor may be brought to fruition in the coming years.
There is also news of a potential XRP ETF with Bitwise, Canary Capital, and 21Shares filing applications to the SEC for approval. A greenlit ETF will of course be big news for Ripple and its token.
XRP price aims higher
Amid widespread bullish sentiment, analysts and chart watchers are predicting that XRP could reach a new all-time high in the coming months as 2025 approaches.
On various platforms such as TradingView and Twitter, analysts have shared their thoughts on XRP’s price with $5.00 and a new all-time high potentially on the horizon if sentiments stay green.
For many, Gensler’s resignation could mark a turning point for XRP, potentially empowering Ripple to advance its goals for the token and its applications as a digital currency, supported by the innovative XRP Ledger network.
