The price of XRP has surged over 24% following the announcement of SEC Chair Gary Gensler's resignation. XRP supporters are excited as Gensler's departure could potentially have positive implications for Ripple, which has been in a long-standing battle with the SEC. Currently, XRP is trading between a key support level of $0.94 and resistance at the 78.6% Fibonacci level. To sustain its upward momentum, XRP needs to break and confirm a breakout above $1.30. If successful, the next targets could be $1.70 and potentially even $2. XRP is forming a symmetrical triangle pattern, and if it breaks above the resistance at $1.13, the next target would be around $1.40. Conversely, falling below support could lead to a drop towards $0.92 to $0.93. The departure of Gensler is seen as a positive development for the crypto community, but the focus remains on the need for clearer regulations and continued advocacy. Trump is reportedly considering pro-crypto candidates to replace Gensler, but the impact on future crypto regulation remains uncertain.



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