The cryptocurrency XRP experienced a significant rally following the news of Securities and Exchange Commission (SEC) Chair Gary Gensler's resignation. XRP's price rose from $0.51 on November 1 to a high of $3.35. However, after Donald Trump's presidential inauguration and Gensler's resignation on January 20, the rally subsided. Those who invested on January 20 did not see significant returns by January 30. In contrast, those who predicted the election results and bought XRP on November 5 would have seen their investment appreciate greatly. The lack of a post-resignation rally is surprising given the closely linked relationship between the SEC, XRP, and Ripple Labs. Despite ongoing legal battles, it is expected that the SEC will back down in the face of the current administration's crypto-friendly stance.



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