XRP price breaks $1.00 mark, so it's coming A5ATH
The price of #XRP is on the rise, up 24% in the past 30 hours to 1.08 yen, breaking resistance at 12 levels, wagering since May 2021 at 1.00.
The long-suffering holders of #Ripple XRP - the XRP army - are smiling at the detractors who have long since written off the banker's coins from their accounts: I told you so.
But what a difference an election campaign can make! The expected regulatory environment in favor of #cryptocurrencies that the Trump administration and Congress are expected to create was the spark that ignited the #cryptocurrency bull market.
What is the forecast for the maximum price of XRP in 2024?
However, a few specific events related to the topic of Trump-related risks helped XRP.
When Ripple CEO Brad Garinghouse tweeted that he was in contact with the Trump administration's transition team, it certainly helped focus. The news first appeared in the Washington Post on September 11, and Goringhaus mentioned it in a post the next day. :
Then, on Thursday, Gary Gensler, chairman of the U. S. Securities and Exchange Commission (SEC), gave a speech at the 56th annual Securities Regulation Institute event hosted by the Practicing Law Institute.
Gensler's final speech was very similar to his resignation speech. His departure is very important to Ripple, as it implies the termination or success of the company in cases where the agency allegedly sold unregistered securities.
I am proud to work with my colleagues at the SEC, who protect American families in the financial markets day in and day out.
Before the election, many observers of the lawsuit were inclined to believe that a court settlement in favor of Ripple was likely. The SEC will now drop the case entirely if and when Gensler leaves office.
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