XRP’s price has skyrocketed over 24% in the last 24 hours, thanks to SEC Chair Gary Gensler’s not-so-surprising resignation. Gensler announced he would step down on January 20, the same day Trump is set to take office, sparking excitement among XRP fans. After years of battling the SEC, this news has given Ripple a boost. However, XRP is still a long way from its all-time high of $3.84. The big question now is whether XRP can hit new highs in 2024.

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