The XRP price has experienced a minor decline of 0.5% over the last day. However, there is speculation that if former President Trump were to secure a victory, this could significantly benefit the altcoin. This stems from the belief that a Trump administration might lead to changes at the SEC, potentially including the removal of Gary Gensler.
Should Gary Gensler, who has been perceived as unfavorable towards cryptocurrencies, be replaced, XRP's regulatory environment may improve. Supporters of this view suggest this could facilitate a significant increase in XRP's price, projecting it to reach as high as $100 in the future.
Source: cryptonews.com ↗