XRP zoomed as Gary Gensler’s announcement of stepping down in January as chairman of the U.S. Securities and Exchange Commission (SEC) kept a multiweek bullish trade going.
XRP prices surged 25% in the past 24 hours, with most of the gains in early Asian hours Friday, amid widespread belief of a shift toward a crypto-friendly regulatory environment for U.S.-based companies.

XRP is closely-related to Ripple Labs, a high-profile payments company targeted by the SEC since 2020 on allegations of selling the token as a security to U.S. investors. Ripple fully cleared a long-drawn court case in 2024, bringing the spotlight back on XRP, a major token that commands a $77 billion market capitalization.

The token is now up 65% in the past 7 days and 150% in the past month, data shows, with CoinDesk market analysts targeting a short-term price level of $1.40.

Donald Trump's election victory in 2024 has been positively received by the crypto community due to his previously expressed pro-crypto sentiments. Investors are betting that his administration might foster policies conducive to the growth of the crypto industry.

https://www.coindesk.com/markets/2024/11/22/xrp-price-surges-25-as-headwinds-for-ripple-clear-even-more/