Ripple’s XRP has seen a significant upward movement, rising over three percent within a 24-hour period. This performance places XRP trading comfortably between the $1.06 and $1.15 price range, reflecting strong bullish momentum.
The optimism surrounding XRP seems to be linked to circulating speculations regarding the resignation of Gary Gensler, the current chair of the U.S. Securities and Exchange Commission (SEC). Such rumors have injected confidence among investors, as market dynamics are expected to shift with potential leadership changes.
Furthermore, reports hinting that the President-elect Donald Trump might adopt a more crypto-friendly policy stance have further contributed to XRP's favorable market conditions. Traders and investors are closely monitoring these developments, as they could signal a potential pivotal change in the regulatory landscape for cryptocurrencies.
