SEC Chairman Resigns, XRP Set to Experience a Surge
Recent Events with XRP
SEC Chief Steps Down: The head of the U.S. Securities and Exchange Commission, Gary Gensler, announced he will resign by January 2025. This news has made XRP enthusiasts quite happy, as they believe this could be a turning point in the long-standing lawsuit between Ripple and the SEC, giving investors more confidence.
Price Skyrocketing: Recently, XRP's price surged above $1.20, which is fantastic news. Some believe it can rise further, potentially reaching $2 or even returning to its previous high of $3.84. Experts say that if the situation remains favorable and regulations are clear, XRP could be worth $5.54 by 2026 and possibly rise to $61.13 by 2030.
Major Companies Starting to Use It: Ripple is now vigorously promoting the use of XRP for international payments, which could make XRP more useful and increase demand.
Future Outlook and Actions
Short Term: Regulatory matters are nearing resolution, and major companies are starting to show interest, so XRP may gradually rise. Those looking to purchase XRP should keep an eye on a few important price points, such as $1.33 and $1.88.
Long Term: If Ripple can secure more partners and major companies start using XRP, it could rise particularly quickly, becoming a primary tool for transactions and international payments among large companies.
If you’re considering investing, keep an eye on the news, monitor the progress of Ripple's lawsuit, and stay updated on cryptocurrency market news to stay informed.
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