Is Gary Gensler Resigning on November 18? XRP Price Rallies Beyond $1
It’s been a crazy few days in the cryptocurrency world, XRP is finally back above $1 Every coin! After what feels like forever, this is a major milestone and the market is buzzing. Currently, XRP continues to rise, with the price touching around $1.07 on the hourly chart. XRP’s all-time high is around $3.30 and is likely to rise further, possibly even significantly.
The $1 price point has been a critical level. XRP has been trading in the 75-cent range for the past few years, but it was only recently that it broke above the 95-cent to $1 range, causing the price to surge. and Ripple price With prices now firmly above $1, the focus will be on whether these levels can be maintained and pushed towards new highs.
Possible catalysts behind XRP’s rise:
XRP’s recent surge to the $1 mark coincides with a series of news that has the crypto world abuzz. Ripple CEO Brad Garlinghouse Recent meetings with President-elect Donald Trump has raised eyebrows, especially amid growing speculation about the future of SEC Chairman Gary Gensler.
There are reports that Gensler is a key figure in the organization. Ongoing Ripple vs. SEC Litigationmay resign as early as November 18. His potential resignation could have a significant impact on the case, which has been closely watched by the crypto industry.
A new SEC chairman, especially one with a more favorable stance on cryptocurrencies, could change the regulatory landscape in favor of digital assets like XRP
- Also read:
- ‘Gary Gensler isn’t suing anyone’: Legal experts slam 18-state lawsuit against SEC as ‘frivolous’
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in conclusion:
The $1 level has long been viewed as a key psychological hurdle for the asset, and its recent breakout could set the stage for further gains in the coming weeks. XRP enthusiasts and traders are now looking for a continued positive move, with many speculating that this could be the start of a larger rally.
