Rumors about a potential withdrawal of the SEC's appeal in the Ripple case have caused a surge in XRP's price. The rumors are based on the impending replacement of Gary Gensler as the SEC's chair following Donald Trump's victory. However, a retired securities lawyer believes the appeal withdrawal will not happen until Gensler leaves his position. Despite this, the speculation has fueled the crypto market trend and XRP's price. The recent gains in XRP and other cryptocurrencies, such as Solana and Cardano, reflect the crypto community's optimism towards the incoming administration and its pro-crypto measures. The article advises caution and reminds readers that it does not constitute financial advice.



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