XRP Price Surge to $2 As Paul Atkins Leads to Replace US SEC Chair Gary Gensler?
As soon as the news of SEC Chair Gary Gensler’s resignation broke out, the XRP price shot up by 26% hours later surging past the $1.40 level. As a result, the XRP price is now at a three-year high with crypto market analysts eyeing $2 targets very soon amid today’s bullish breakout.
Following the resignation announcement by SEC Chair Gary Gensler, the XRP bulls have charged in leading to another 26% price rally. Gensler’s last day at the office will be January 20, 2025, the same day when President-elect Donald Trump takes charge at the White House. It is clear that the XRP community sees Gensler’s resignation as positive, following the tough four-year legal battle in the Ripple lawsuit.
As Gary Gensler puts his resignation, the biggest question in everyone’s mind is whom will Donald Trump appoint as the next SEC Chair? Fox Business reported that former SEC Commissioner Paul Atkins is the front-runner to succeed Gary Gensler.
Paul Atkins is popular for his free-market regulatory approach and pro-crypto stance. He has also garnered strong support from the business community and the digital asset industry. His appointment could also open the gates for the spot XRP ETF by 2025.
21Shares, Canary Capital, and Bitwise have already filed with the US SEC for the XRP ETF in the last two months. The arrival of this investment product
XRP price is trading 26% up at $1.44 with a market cap of $80 billion. As per the Coinglass data, the open interest in XRP has shot up 35% to $2.47 billion. In the last 24 hours, $25.64 million worth of XRP positions were liquidated with $14 million in short liquidations and $11.62 million in long liquidations.
Follow for updates and analysis. thanks.
buy these and enjoy life. dyor.
#COSSocialFiRevolution #BTCBreaks100K? #SOLHitsATH #XRPAndSECShift #Write2Earn!