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Crypto experts explain why XRP price could surge soon

Author: Content Editor
The article states that the price of XRP has been performing well this month, with a nearly 200% increase since its lowest point in June. Crypto experts are optimistic about XRP's potential and suggest that if Gary Gensler resigns as the head of the Securities and Exchange Commission, it could lead to XRP experiencing its "biggest pump." Speculation about Gensler's resignation has grown following Donald Trump's election win, as a new SEC chair appointed by Trump may be more favorable to the crypto industry. There are also fundamental developments supporting XRP's potential, such as the planned launch of RLUSD, a stablecoin backed by the US dollar. Technical analysts highlight a bullish pennant pattern forming over the past seven years, which could signal further gains in the months ahead. The article concludes by stating that a bullish breakout could push XRP towards $1.2685, its recent high, and potentially even its 2021 peak of $1.97, representing a 75% gain from current levels. However, reaching its all-time high of $3.54, requiring a 215% surge, is considered less likely this year.

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