XRP has experienced a surge in price following the announcement of Gary Gensler's departure as chairman of the SEC in January. This has led to speculation of a more crypto-friendly regulatory environment for US-based companies. XRP, which is closely related to Ripple Labs, has seen significant gains in the past week and month, and market analysts are predicting a short-term price level of $1.40. The crypto community has also responded positively to Donald Trump's expressed pro-crypto sentiments, leading to expectations of policies favorable to the crypto industry under his administration. There is also anticipation of an XRP exchange-traded fund (ETF) in the US. XRP has recently recorded higher trading volumes than bitcoin on South Korean exchanges, indicating heightened demand. The open interest in XRP futures positions has also reached record levels, suggesting anticipation of further market volatility.



Other News from Today