CandleFocus Is Gary Gensler the Reason Behind Ripple’s (XRP) Sudden Surge to 16-Month Peak?
2024-11-15
Author: Content Editor
In the past few hours, while most cryptocurrencies experienced a slight correction, Ripple's native token XRP defied the overall sentiment and reached a 16-month high of around $0.8. This surge of 16% on a daily scale could be attributed to rumors of current SEC Chair Gary Gensler stepping down from his role. Ripple has been engaged in a legal battle against the SEC for several years, and Gensler's potential resignation could benefit Ripple and other crypto companies targeted by the SEC. XRP's surge comes amid a broader market correction, with Bitcoin and Ethereum also seeing price decreases.
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