The post XRP Eyes 60% Gain Ahead of Gary Gensler Resign appeared on BitcoinEthereumNews.com.

Ripple’s native cryptocurrency, XRP, is gaining significant attention as it gears up for a potential 60% price surge, driven by bullish technical patterns and SEC’s chair Gary Gensler’s resignation on January 20.  Following a significant breakout from a symmetrical triangle formation and 40 days of investors re-accumulating, the XRP token is poised for a major rally ahead. XRP is ready to break out. Source: TradingView Technical analysts see the breakout as a bullish sign, highlighting XRP’s potential to hit $4 soon. Symmetrical triangles are often considered continuation patterns that signal further gains when prices break the upper trendline with increased trading volumes. As of January 13, XRP was trading around $2.54 and showed strong bullish momentum despite minor pullbacks, according to Brave New Coin’s XRP Liquid Index. Source: Brave New Coin’s XRP Liquid Index The breakout target, calculated using the triangle’s height, gives XRP an ambitious upside target of $4. Market analyst World of Charts expressed confidence in this prediction, noting:  “The cryptocurrency could reach the level in the ‘next couple of days.’” Ripple’s Legal Battle Update — Key Documents Sealed The potential price rally coincides with Ripple’s recent legal victory in its ongoing battle with the U.S. Securities and Exchange Commission. On January 11, a federal judge approved a motion to seal certain sensitive documents, ensuring the confidentiality of Ripple’s summary judgment filings. This ruling adds another layer of complexity to the SEC’s case, especially as the regulatory agency faces a critical January 15 deadline to file its opening brief for an appeal. The appeal seeks to overturn Judge Analisa Torres’ ruling that XRP’s regular sales did not meet the Howey Test’s criteria, a decision pivotal to the ongoing legal dispute. Analysts’ optimism is also tied to upcoming changes in SEC leadership. As Chair Gary Gensler is set to…

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Filed under: News - @ January 13, 2025 6:23 pm