Ripple Deal Rumors and Gensler's Resignation Send XRP Prices Soaring
The $XRP community is buzzing with excitement as rumors circulate of a possible “emergency settlement” in Ripple’s lawsuit against the Securities and Exchange Commission (SEC). These speculations have been fueled by the news of SEC Chairman Gary Gensler’s resignation. The combination of these events has sent the price of XRP soaring and has fueled optimism among traders and investors.
Settlement and Gensler's resignation: a coincidence?
The key moment was a closed-door SEC meeting on November 21 to discuss ongoing litigation. That same day, Gensler unexpectedly announced that he would step down on January 20, 2025. The coincidence bolstered the belief that settlement talks could be feasible.
XRP is growing rapidly
The rise in the price of XRP after the rumors is impressive. In recent days, the cryptocurrency has risen by almost 200%, reaching $1.60. Some experts predict that the price could reach $2 in the near future, and even $10 in the next bull cycle.
New Finance Minister Appointed: Another Driver for XRP
Another key development was the appointment of crypto enthusiast and hedge fund manager Scott Bessent as US Treasury Secretary following Donald Trump's victory in the presidential election.
Ripple CEO Brad Garlinghouse said Bessent could be the most crypto-friendly minister in history. “His experience and vision could take the crypto industry to the next level,” Garlinghouse wrote on Twitter.
On the back of this news, XRP jumped another 60%, reaching $1.56. Investors associate Bessent's appointment with a possible end to the long-standing standoff between Ripple and #SEC .
Why is this important?
The SEC settlement could remove major barriers to XRP's widespread adoption, opening the door to institutional investment and growth of the #Ripple ecosystem. If the situation continues to develop in a positive direction, $XRP could reach new all-time highs and become a key player in the cryptocurrency market.
Podpishis @Sasha why NOT
