XRP's market value experienced a significant surge, rising over 24% in the past day. This increase is attributed to the recent resignation announcement by SEC Chair Gary Gensler. The news has invigorated XRP supporters, as Gensler's resignation is set for January 20, aligning with the anticipated inauguration of former President Donald Trump.
The resignation of Gensler is seen as pivotal for Ripple, given the ongoing legal battles with the SEC that have clouded Ripple's path. The anticipation that a new SEC leadership could potentially alter the restrictive regulatory stance has positively impacted Ripple's market dynamics.
Amidst this enthusiasm, XRP holders are targeting a $2 price point by November 22. The resignation has created optimism within the cryptocurrency market, especially for XRP proponents eagerly awaiting regulatory clarity and progress.
