XRP Price has been holding strong above the important $2 level.
Gary Gensler’s resignation in 10 days can serve as a catalyst.
Analyst explains why $2.50 is important.
XRP has been holding its ground despite the recent crypto market chaos. Unlike other tokens facing sharp declines, XRP has shown surprising resilience, staying steady just below $2.50. XRP’s resilience remained strong, making it a standout in the sea of market turbulence.
While other cryptocurrencies are seeing big drops, XRP has been moving sideways, with a slight upward trend from its dip under $1.99. Analysts believe staying above the $1.98 mark can set up XRP for a bigger rally in the near future.
SEC Leadership Shakeup Fuels XRP Optimism
The biggest news for XRP holders came when SEC Chair Gary Gensler announced his resignation, effective January 20, 2025 – the same day Donald Trump is set to be inaugurated. In just a few hours after the announcement in November, XRP surged by a massive 26%, reaching $1.43 – its highest price since the 2021 crypto bull run.
For many in the XRP community, Gensler’s resignation is seen as a win for Ripple. Under Gensler’s leadership, Ripp…
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