XRP Price News: Ripple Surges 25% as low as Gary Gensler Steps Down


An The upcoming crypto-friendly regulatory framework for U.S.-based companies has renewed the optimism for certain tokens and especially XRP.

XRP has zoomed to as much as Gary Gensler’s Announcement steppThe following are some examples of how to useg down in January As Chairman of the U.S. Securities You can also find out more about the following: Exchange Commission (SEC) maintained a bullish trade for several weeks.

Prices of XRP surged by 25% over the past 24 hour, with the majority of gains occurring in early hours. Asian Hours: Friday, amid widespread beliefs that a shift is occurring toward a crypto friendly regulatory environment for U.S. companies.

XRP has a close relationship to Ripple LabsThe SEC has been targeting a high-profile payment company since 2020, on the grounds that it sold the token to U.S. Investors as a security. Ripple A. Fully cleared long-drawn court case In 2024, XRP is set to be a major coin with a market cap of $77 billion.

The Data shows that the token price has increased by 150% in one month and 65% in seven days. CoinDesk analysts have set a target of $1.40 for the short-term.

(CoinGecko)
(CoinGecko)

Donald Trump’s Crypto community has reacted positively to his election victory in 2024 due to his previous pro-crypto sentiments. Investors Bettors are hoping that his administration will promote policies that encourage the growth of crypto.

There Also, Expectations of an XRP Exchange-Traded Fund Some traders in the U.S. have been tempted to invest in (ETFs) because of the perceived lenient regulatory climate.

This XRP and Dogecoin (DOGE), which are both cryptocurrencies, have seen significantly higher trading volume than the usual leader Bitcoin. South Korean Exchanges In a sign of frenzied desire.

Open interest in XRP and U.S. dollars is at record levels. Over 2 billion tokens are now held as futures positions (worth over $2 billion at the current price) to bet on continued market volatility.

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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