Ripple's XRP price surged to its highest level since July 2023 following rumors that SEC Chair Gary Gensler may soon resign. Gensler's comments about the SEC's actions against Coinbase, Ripple, and Binance sparked speculation of his resignation. XRP holders, who have been impacted by the Ripple vs. SEC case, responded positively to Gensler's statement. Additionally, significant whale accumulation of XRP tokens contributed to the altcoin's upward momentum. The token's price increase also coincided with Robinhood's decision to list XRP. Technical indicators suggest that XRP's price could climb to $0.85 if bullish momentum continues, but a large-scale sell-off by crypto whales could cause a decline to $0.63.



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