Ripple's XRP is experiencing a decline of more than five percent in the last 24 hours but has seen a significant increase of over 40 percent in the past seven days. This surge in price followed the announcement that SEC Chairman Gary Gensler will step down on January 20, 2025, aligning with the expected inauguration of Donald Trump as the 47th President. The price of XRP has surpassed the 78.6% Fibonacci level at around $1.30 and is now aiming to break the $1.60 to $1.70 range. Analyst Josh of Crypto World predicts that once XRP surpasses this range, it could surge towards $2. Breaking through the $1.60-$1.70 resistance zone would greatly enhance the bullish momentum, and favorable legal outcomes related to the SEC case could increase demand for XRP.



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