XRP's price rose to $1.41, its highest in over three years, propelled by changing US regulations as President-elect Donald Trump promises to embrace cryptocurrency. This surge aligns with broader positive market trends, with Bitcoin reaching new highs fueled by Trump's crypto support.
Central to enhanced optimism is Gary Gensler's announced exit from the SEC on January 20, 2025. The crypto community critiques Gensler's unclear regulations under Biden, expecting Trump's administration to encourage clearer frameworks favorable to digital assets.
Over 24 hours, XRP surged by 30%, with a 70% increase over the week. Analyst Ali Martinez believes Gensler’s exit supports Ripple Labs and predicts a $2 target for XRP. Analyst CrediBull echoes this sentiment, noting XRP's Relative Strength Index suggests bullish momentum.
CrediBull forecasts that XRP might reach $2 soon, with potential for new all-time highs beyond its current record of $3.040 from January 2018, indicating a possible 150% uptrend.
