XRP price skyrockets to a 3-year high as optimism rises ahead of SEC changes

XRP price skyrocketed to a 3-year high, reaching $1.53 on November 23, 2024, after SEC Chair Gary Gensler announced his resignation in January 2025. This increase, of 24-35% within 24 hours, reflects market optimism about a more cryptocurrency-friendly regulatory environment under the new administration of Donald Trump. Gensler's resignation is seen as the end of the long-running legal battle between the SEC and Ripple, related to allegations.