Ripple’s XRP has surged by 71.82% over the past week, buoyed by SEC Chair Gary Gensler’s resignation announcement.
The token’s price rose by 24.69% in the last 24 hours, trading at $1.40 and marking a three-year high.
This dramatic increase follows a steady upward trend since early November, driven by regulatory developments and increased investor activity.
XRP’s ongoing rally began after it surpassed the $1 threshold earlier this month, with gains of 161.26% since November started. The token reached $1.42 after Gensler confirmed he would step down as SEC Chair on Jan 20, 2025.
This announcement brought hope back into the market since Ripple has been in a protracted fight with the SEC over XRP’s classification as securities since 2020.
