The Ripple CEO reiterates his optimism towards the XRP token’s imminent progress.
The community anticipates XRP’s bull run as Trump is expected to fire SEC Chair Gensler.
Experts predict that XRP will be one of the best performers of the election period.
The XRP community is anticipating a bull run, fueled by the prospect of President Donald Trump replacing SEC Chair Gary Gensler with a crypto-friendly candidate. The bullish speculations are further bolstered by Ripple CEO Brad Garlinghouse’s recent thoughts on XRP’s imminent progress. In an X post shared on November 8, Garlinghouse reflected on Ripple’s troublesome past, remaining confident about its future.
In a previous X post, Garlinghouse urged Trump to fire Gensler to appoint candidates like Giancarlo, Brian Brooks, or Dan Gallagher, who remain sympathetic to crypto. SEC Commissioners Mark Uyeda and Hester Pierce are also among the potential contenders for replacing Gensler.
Crypto attorney Jake Chervinsky acknowledged Uyeda, who is known for criticizing the SEC’s crypto regulatory policies, as the best candidate for the post. Uyeda, who once called Gensler’s policies a “disaster for the whole industry,” recently highlighted the necessity of ending the SEC’s war on crypto. He cited,
The Commission’s war on crypto must end, including crypto enforcement actions solely based on a failure to register with no allegation of fraud or harm. President Trump and the American electorate have sent a clear message. Starting in 2025, the SEC’s role is to carry out that mandate.
Though Trump’s choice is still unknown, the community expects a favorable candidate to bring regulatory clarity to the crypto space. Garlinghouse firmly believes that the market is poised to experience a major uptick with the diminishing of restrictive external factors. He further thanked the community for its unconditional support over the past years.
In a recent X thread, crypto enthusiast BitBoy predicted that XRP would be one of the top performers in the current period. As of press time, XRP is trading at $0.5475, marking a slight decline of 1.37% over the last 24 hours. Despite the daily dip, the token has seen notable surges of 7% and 3% over the last week and month, respectively. Driven by analysts’ predictions and other influential factors, the community awaits a massive bullish hike in the near future.
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