The post With Gensler’s exit and Trump’s leadership, how high will XRP go? appeared on BitcoinEthereumNews.com.

Gensler steps down on January 20, 2025, and Trump’s leadership may change crypto rules, impacting XRP. XRP jumped to $3.38 after Trump’s win but is now around $3.15. Experts see support at $2.80-$2.90 before another rise. Chances of an XRP ETF approval are 66%. JPMorgan predicts $4-$8 million in inflows, which may push XRP higher. Gary Gensler will leave office as U.S. Securities and Exchange Commission Chairman on January 20, 2025. When his term since April 2021 would have ended. Since Donald Trump’s victory in the U.S. presidential election is expected to change expectations in regulation,. This makes his resignation inevitable. Trump has already indicated his willingness with the nomination of Paul Atkins. However, voting in the senate will finalize whom to put for the job. Gensler’s resignation, however, started a discussion about crypto, especially among XRP holders. Since much of Gensler’s time was spent suing Ripple. His rigid stand on regulation really impacted the XRP price through the years. With his resignation, many people believe that Ripple token may go through some considerable price action that would be swayed by the investor mood and the decisions in the regulatory area. Gary Gensler’s Exit and Its Impact on Crypto Gensler had been the most aggressive on enforcement while serving at SEC; he had handled more than 2,700 cases and returned $2.7 billion to investors. In his recent social media post, he expressed his tenure and said that he believes in the capital markets and fair competition. Many saw it as a goodbye message before officially resigning. A final ceremonial goodbye is also due, in which he might speak to regulatory definition again about XRP. Price for Ripple drastically plummeted from its high of $3.80 to an average low of $0.50 after suing the SEC. Yet after the victory of Trump,…

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Filed under: News - @ January 18, 2025 9:13 pm