XRP saw a significant price increase, surpassing $1.40, after the announcement of US SEC Chair Gary Gensler's resignation. Gensler's strict enforcement actions against crypto entities, including the ongoing Ripple lawsuit, led to speculation that a new SEC leadership could bring favorable crypto regulations and potentially end the lawsuit. XRP's price surge of 27% in a day and 30-day growth of 162% led to a record increase in open interest and a spike in trading volume on South Korean exchanges. XRP's market cap also increased by $14 billion following Gensler's resignation announcement.



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