XRP Price Outlook Brightens: Expert Predicts $2 Target Post-Gensler Era

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As a seasoned analyst with over two decades of experience navigating the ever-evolving world of finance and technology, I find myself intrigued by the current surge in XRP prices. Having witnessed numerous market cycles, I must admit that the timing of Gary Gensler’s departure from the SEC is indeed serendipitous, given the incoming administration’s pro-crypto stance.

Last Thursday, the cost of XRP reached an impressive peak of $1.41, which was its highest point in more than three years. This rise in price seems to correspond with changes in the U.S. regulatory environment, possibly influenced by the incoming presidency of Donald Trump.

During his election campaign, Trump vowed to make America the leading hub for cryptocurrencies, a commitment that is already gaining traction among market players, even prior to his inauguration on January 20, 2025.

Gensler Sets Last Day At SEC For January 20

Over the past few weeks, I’ve witnessed a significant surge in the crypto market, with Bitcoin spearheading this trend and hitting new record highs consecutively. This bullish momentum can be attributed, at least in part, to the optimistic vibe surrounding Trump’s pro-crypto pledges. These promises seem to herald a more welcoming landscape for digital currencies.

The heart of this optimism lies in the anticipated resignation of Gary Gensler, the present chairman of the United States Securities and Exchange Commission (SEC). Critics claim that under Gensler’s leadership, a murky regulatory atmosphere has been cultivated, which some believe has hindered the expansion of cryptocurrencies within the U.S.

The examination of XRP and Ripple Labs has been intensified during the last four years under the Biden administration. Previously, former President Trump had expressed his intention to dismiss Gensler from office, an action that many within the cryptocurrency community believe is essential for establishing more transparent regulations.

On the very same day of Donald Trump’s inauguration, Gensler announced that January 20, 2025, would mark his final day at the SEC. By resigning ahead of time, Gensler avoided potential disputes regarding his replacement under a Trump administration.

XRP Price Surges Nearly 30% In 24 Hours

As an analyst, I can attest that the recent changes in the US regulatory landscape have brought a sense of clarity to the digital assets market, which is evident in the price fluctuations of XRP. Over the past day, XRP has experienced a significant surge, with gains approaching 30%, and over the last week, its value has increased by more than 70%. This trend underscores the potential positive impact of regulatory developments on the digital asset market.

In a recent post on X (previously known as Twitter), crypto analyst Ali Martinez expressed his thoughts about the potential advantages of Gary Gensler’s departure for both Ripple Labs and the current value of XRP. According to him, the price of XRP is now aiming for $2.

A different expert, named CrediBull, concurred with this viewpoint, pointing out that the Ripple’s (XRP) Monthly Relative Strength Index (RSI) is nearing an overbought state for the first time in about three years.

The analyst highlighted that a larger Relative Strength Index (RSI) usually means stronger momentum and optimistic outlook for the asset, unless there are bearish discrepancies. CrediBull predicts that the next major goal for XRP could be $2, followed by potential new record highs.

At present, the highest value ever recorded for this token is $3,040, achieved back in early 2018, specifically in January. If historical patterns are any indication, we might see an impressive surge of around 150% in the upcoming months for the price of XRP.

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2024-11-22 18:40