XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale
The XRP price pumped 67% in the last week and 13% in the last 24 hours to trade at $1.58 as of 08:37 p.m. EST on trading volume that surged 32% to $20 billion, according to CoinGecko. This comes as the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, took to X to announce that he will be stepping down from his position on January 20th, 2025. On January 20, 2025 I will be stepping down as @SECGov Chair. A thread 🧵⬇️ — Gary Gensler (@GaryGensler) November 21, 2024 XRP soared after the news because parent Ripple has been in a long-running legal battle with the Gensler-led SEC. Many analysts believe that Gensler’s departure will usher in more crypto-friendly regulations under the Trump presidency. XRP Price Indicators Signal A Sustained Bullish Trend The XRP price has been in a sustained rally in the last two weeks, as shown by the markup phase (the black arrow on the chart). The price of XRP then went through some consoli...