$XRP stands out in this wave of market crash, showing unexpectedly strong growth. XRP has soared 16% in the past 24 hours, breaking through the $0.8 price mark and hitting its highest level since July 2023.

So what factors have driven this surge in XRP?

The most likely reason is related to the potential resignation of Gary Gensler, the current chairman of the U.S. Securities and Exchange Commission (SEC).

Recent reports have said that Gensler has sent an open letter suggesting that he may resign from the SEC in the short term. Since Donald Trump won the U.S. presidential election last week, rumors of Gensler's resignation have been circulating in the market. Trump has publicly stated that he will fire Gensler once he returns to office, and this statement has intensified market expectations of Gensler's resignation.

For XRP, this potential change is undoubtedly a key factor in its surge. Ripple has been fighting a legal battle with the SEC for nearly four years, and it can almost be said that it has been in opposition since Gensler took office. Gensler's resignation may not only be beneficial to Ripple, but may also have a far-reaching impact on the actions he took against other cryptocurrency companies during his tenure. If Gensler's successor adopts a more relaxed policy towards the cryptocurrency industry, the market's outlook on XRP may change significantly, which will undoubtedly bring strong upward momentum to the price of XRP.