XRP has gone up by 24.9% in the past 24 hours of trading. The token's price bounced after SEC Head Gary Gensler announced he will be leaving his post, effective on Jan. 20 2025.
XRP's price has skyrocketed in recent days, fueled by speculation of a favorable resolution to Ripple's ongoing legal battle with the SEC following the resignation announcement of Gary Gensler, the SEC Chairman.
XRP's price jumped 25% to $1.40 following SEC Chairman Gensler's announced departure, while setting new trading volume records and gaining attention from institutional investors through WisdomTree's European ETP launch.
During the time of Gensler, the SEC was generally perceived as being hostile to the crypto industry.
Ripple's (XRP) price rallied by 25% in the last 24 hours following Gary Gensler's announcement that he would resign as the US Securities and Exchange Commission (SEC) chair on January 20, 2025.
The bane of the cryptocurrency industry's existence, Gary Gensler, will step down as Chair of the US Securities and Exchange Commission (SEC). The market surged in response to news of Gensler's upcoming departure, with Ripple (XRP) up nearly 26%, while Bitcoin (BTC) nears the vital $100,000 mark.
Market sentiments have turned extremely bullish, and Bitcoin is about to hit the $100K milestone anytime soon. While the other altcoins trade within a narrow range, the XRP price is preparing for a monstrous rally, as the technicals, fundamentals, and eternal factors have all flipped in favour of the token.
XRP has surged over 25% in the past 24 hours, reaching its highest level since May 2021.
XRP continues to consolidate between $1.0061 and $1.19 following a slight dip from its peak of $1.26 on November 16, 2024, investors are wondering what the next move for the token might be. XRP, currently trading around $1.11, has experienced fluctuations in recent days, leaving many investors to question whether the digital asset is on the verge of a bullish breakout or a downturn.
The cryptocurrency market has risen by 4.34% in the last 24 hours, reaching a valuation of $3.31 trillion. This surge coincided with a huge increase in trade volume, which surged by 30.98% to $248.9 billion. Investor excitement is apparent, as indicated by the Fear & Greed Index, which shows “Extreme Greed” with 88.
The XRP product was launched on European exchanges, such as Deutsche Börse Xetra, SIX Swiss Exchange, and Euronext Paris and Amsterdam.
Altcoins have finally awoken with many of them hitting double-digit gains following the announcement of SEC Gary Gensler's departure from the agency.
XRP is above $1.4 for the first time since May 2021.
Gensler's departure may lead to a more favorable regulatory environment for crypto, potentially reducing litigation and boosting market confidence. The post XRP jumps 25% as SEC may not pursue appeal after Gensler's departure appeared first on Crypto Briefing.
XRP price shot up 25% in hours as the US SEC Chair Gary Gensler announced his resignation. Ripple's native token XRP hit a high of $1.43, the levels last seen during the 2021 bull run.
Ripple's XRP is enjoying a bullish phase, currently trading between $1.06 and $1.15, reflecting a rise of over 3% in the past 24 hours. Speculation around potential leadership changes at the U.S. Securities and Exchange Commission (SEC) is adding fuel to this momentum.
As Bitcoin (BTC) price rallied above $99k in the last 24 hours, the altcoin market, led by Ripple Labs-backed XRP, registered significant volatility. For the first time since early 2021, XRP price pumped above $1.4, following a 27 percent upsurge in the last 24 hours.
Gary Gensler is officially stepping down as SEC Chair, and this has sent shockwaves through the crypto world, especially for XRP holders. His resignation, effective January 20, 2025, comes after years of tension between the SEC and Ripple over the XRP lawsuit.
XRP price rallied above the $1.15 and $1.20 resistance levels. The price is up over 25% and might rise further above the $1.420 resistance.
ETF issuer WisdomTree's European division just announced a new ETP based on XRP. This product is currently available in four EU countries, which has led XRP's price to jump slightly.
Ripple's native currency XRP surged 25% as SEC Chair Gary Gensler announced his resignation, set for Jan. 20. The post XRP Soars 25% in Wake of Gary Gensler's SEC Resignation appeared first on Cryptonews.
The crypto prices today have primarily continued on an upward trajectory, showcasing strong market momentum. Bitcoin (BTC) has reached a significant milestone, touching $99,000 for the first time.
An incoming crypto-friendly regulatory environment for U.S. based companies has renewed optimism for certain tokens, especially XRP.
The surge comes amid Gary Gensler's announcement of his departure from the SEC and the prolonged market rally.
XRP's price has skyrocketed over 24% in the last 24 hours, thanks to SEC Chair Gary Gensler's not-so-surprising resignation. Gensler announced he would step down on January 20, the same day Trump is set to take office, sparking excitement among XRP fans. After years of battling the SEC, this news has given Ripple a boost.
Crypto whale transferred nearly 111 million XRP tokens worth $123.59 million from Binance.
XRP and BTC shine as Gensler resigns; Ripple case appeal and ETF inflows drive market excitement.
XRP advances with a new institutional-grade exchange-traded product, offering secure, physically backed exposure as Wisdomtree expands crypto products amid growing investor interest.
The crypto's ‘enemy number one' will leave the role as the US Securities and Exchange Commission Chairman when Donald Trump officially takes office on January 20.
XRP is gaining prominence in the cryptocurrency market, propelled by a substantial purchasing surge from major investors referred to as whales. Related Reading: Upbit Listing Sends BONK Skyrocketing 67% For A Fresh ATH In Memecoin Mania Within a single week, these whales have amassed over $526 million in XRP, representing the most significant accumulation in nearly three years.
XRP has finally broken free, reclaiming the crucial $1 price level. The cryptocurrency even hit $1.10, ignite hope among investors that brighter days might lie ahead.
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, announced Thursday that he will bid goodbye to the agency and give up on his efforts to reign in the digital assets industry until his term ends in 2026.
Ripple's XRP is up by more than eight percent at the time of writing and is trading close to the $1.20 levels. Alongside this, Bitcoin's price action is surging, getting dangerously close to the $100,000 mark. This comes after the U.S.
XRP (CRYPTO: XRP) is up 8% over the past 24 hours, gaining momentum as news of SEC Chairman Gary Gensler stepping down sends bullish signals across the market. What Happened: Gensler announced his resignation effective January 20, 2025, which has been interpreted as a positive development for Ripple.
The cryptocurrency industry is already busy celebrating the upcoming departure of U.S. Securities and Exchange Commission Gary Gensler.
XRP surges 11% after SEC Chair Gary Gensler announces resignation. Bull pennant breakout signals a potential 30% rally, fueled by optimism for regulatory change.
XRP price surged 12% in the past 24 hours, reaching $1.21, with a 7-day performance of 58%. The rally follows breaking news of SEC Chair Gary Gensler's resignation announcement.
Stuart Alderoty, Ripple's Chief Legal Officer, has outlined critical recommendations for the future leadership of the U.S. Securities and Exchange Commission (SEC). As the debates continue about a possible change of leadership, Alderoty has stressed that urgent actions are required for digital currencies to coexist with existing laws.
Ripple's price increased by 5% following the news that Gary Gensler will step down on January 20th.
Charles Hoskinson, founder of Cardano, has hinted at potential collaborations with Ripple, particularly focusing on decentralized finance (DeFi), stablecoins, and the integration of Midnight, a privacy-focused sidechain developed by IOHK (Input Output Global).
Ripple (XRP) price has experienced a significant rally, rising 51.33% in the last seven days and an impressive 109.09% over the past month. This strong momentum has propelled XRP into a bullish phase, with key indicators like EMA lines supporting its upward trajectory.
XRP's market has been buzzing with significant activity, particularly from its largest investors, or “whales.” Over the past week, these major holders have acquired a staggering 453.3 million XRP tokens, valued at approximately $526 million.
With all the chatter about a potential change in leadership at the U.S. Securities and Exchange Commission (SEC), Stuart Alderoty, Ripple's Chief Legal Officer, has shared his thoughts on what the agency could look like in the future. As people discuss who might take on the role, Alderoty's comments provide more of a structured view of what the next chairman should focus on to finally allow peace between crypto and regulation.
XRP price has performed well so far this month, with crypto experts predicting that the rally could gain momentum soon.
Ripple's legal saga contrasts with BitClave's $4.6M restitution settlement. Could XRP investors see similar outcomes?
WisdomTree's XRP ETP offers secure and cost-efficient investment, fully backed by XRP, with assets stored safely by regulated custodians.
On-chain data shows the XRP Binance Netflow has spiked to positive levels recently. Here's what this could mean for the asset's price.
The markets have become optimistic as the Bitcoin price inches close to $100K as it trades firmly above $97,000. However, with the start of the U.S. trade, the buying pressure has escalated, which may turn the tables for the entire crypto space.