Gary Gensler Resignation XRP Impact, who is the sitting U.S. Securities and Exchange Commission Chairman at the time, is stepping down on January 20, 2025, and this will be the end of one era. Gensler has been a strong proponent of the crypto industry, especially due to the legal process involving the ripple token through the SEC vs. ripple lawsuit. His leave is awaited with excitement of a possible drastic change in the performance of the XRP, especially given the near future political shift with the 47th US President, Donald Trump, who is going to take office soon, and the changes in the regulations.
Gary Gensler Farewell Speech: Expectations?
Gensler, who is the 33rd chairman of US SEC. He initiated his arrangement on April 17, 2021, and immediately after Donald Trump’s victory in the US election, he declared his resignation. The replacement for Gensler will take place at noon on January 20. Now, as a matter of fact, Trump Receives Portrait has picked Paul Atkins as the SEC Chair candidate, but the senators voting will decide. Giving that they give their public whirling, the Gary Gensler farewell speech can take place before the resignation.
It’s interesting to note that even prior to this, Gensler expressed his gratitude to his colleagues and friends in a passionate manner. To many, it already felt like a farewell speech. He lately posted at length a thread getting into the SEC achievements under his guidance, which explained they took on 2700 cases, repaid the public by $2.7B, finished 46 rules, and others. The farewell speech is likely to mirror the explanation provided in Gar Gensler’s course. Perhaps he will revive the topic of XRP, making it relate to security.
Should Gensler’s resignation boost XRP?
Ripple faced a huge decrease in price as the SEC previously accused XRP of being a security and of being in breach of several regulatory requirements. On top, the worth of this token came to $3.8 but slid to an average of $0.5 while SEC vs. Ripple was continuously taking place, with the high participation of Gary Gnesler. Surprisingly, the situation changed following Trump’s victory in the election, as the XRP rate reached seven years high at $3.38. More importantly, the approach of the inauguration of Trump and the resignation of Gary Gensler served as a catalyst that contributed to a resurrection among investors.
The rise in price thanks to this recovery and the rejection of the current SEC chair by investors indicate that the Ripple token is likely to perform better when Gensler leaves. Additionally, discussions on the SEC Chairman position with Paul Atkins are ongoing, which has increased investor pressure to get a framework that is highly compliant with regulations. The next thing is to assess The next step involves evaluating the approval of the Ripple ETF, which is currently experiencing a 66% volume increase on PolyMarket. In the future, an XRP ETF would apply a $4–8M inflow, which in turn would cause the price of XRP to skyrocket.
XRP Targets $20, But Consolidations
Considering his tough regulatory approach to the cryptocurrency sector, Gary Gensler’s resignation was something the adherents of crypto and the holders of XRP had been waiting for several years. Since the announcement in November 2024, the XRP price has consistently gone up, as all the investors are very optimistic and excited. This week, the Ripple token minted a new high of seven years before it soothed somethow, though it was also a great consolidation. After a 6% price correction, XRP is currently trading at $3.15. The reduction in investor activity during a period of intense competition led to this result. The bull market, in general, though, is still much in evidence.
Crypto expert Andrew Griffiths suggests that Ripple might undergo the formation of consolidation with the range of $2.80-$2.90 as the possible trend reversal area. According to the expert, the third wave is nearly over if it is considered together with Elliot’s wave theory, whereas the fourth one is supposed to be the corrective period. Nevertheless, Griffiths is yet of the opinion that the investors should wait for a while to allow wave 5 to extend the bullish side of the market so that the Ripple price goes back to $3.30.
Long term may be the time when the XRP News Live Today might hit $20 and the Ripple ETF granted and backed by the positive factors.
Does the XRP price rise after Gary Gensler leaves?
The Ripple token faces a challenging area, as Gary Gensler Resignation XRP Impact is going to say goodbye in a totally different way. Still, the outcome will largely reflect the feelings of investors. If selling accelerates, there is a possibility of steep declines occurring spontaneously.
Therefore, uncertainty in the market is at a high level, a process often observed at large macro-economic events wherein earlier the price impact of Bitcoin near President Donald Trump’s inauguration was forecasted by cryptanalysts. In any case, the bullish outlook phase suggests that XRP could rise to $20 during Donald Trump’s presidency due to ETF approval and regulatory certainty.
