XRP Poised to Surge to $1.96 Amid Positive Signals

XRP has increased by 30% in just 2 days with positive news from Gary Gensler's resignation, causing excitement among investors. XRP price may increase sharply in the near future, reaching the $1.96 mark.

XRP has surged 30% in the past two days as the broader market has shown signs of recovery, especially after news that Gary Gensler is expected to step down as SEC Chairman.

XRP whale collects $124 million worth of tokens

Amid this strong price increase, on November 20, a crypto whale made a large transaction, transferring nearly 111 million XRP (equivalent to $123.59 million) from Binance to an unknown wallet.

This large-scale withdrawal may stem from the bullish sentiment of the market and the impressive growth of XRP.

At the same time, XRP reserves on exchanges have been continuously decreasing, which shows that not only individual investors but also whales and institutions are withdrawing large amounts of tokens from exchanges. This is considered a positive signal, because when the supply on the exchange decreases, there is usually less selling pressure, giving the asset a chance to increase in price.$XRP