Ripple’s XRP soared to $1.39, its highest price since May 2021, amid Gary Gensler’s announced resignation and a bullish crypto market.
A Long-Awaited Rally
XRP’s price surged 27.5% within 24 hours, continuing its 150% rise over the past month. Investors anticipate reduced regulatory scrutiny and potential approval of XRP-based ETFs in the U.S.Ripple vs. SEC
The token’s growth comes despite Ripple’s ongoing legal battle with the SEC, initiated under Gensler’s leadership. Ripple executives expressed optimism about XRP’s long-term potential as regulatory pressures ease.Bullish Market Momentum
XRP’s rise is part of a broader crypto rally fueled by Trump’s re-election. The token’s performance underscores its resilience and growing investor confidence in the space.
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