Ripple News: XRP Price Hits $1 Milestone Amid Gary Gensler Resignation Speculation

As per a recent update on the investigation into SEC Chair Gensler's hiring practices, CNF reported concerns about political bias, which could potentially affect the agency's objectivity and scrutiny of its decisions, particularly in the crypto sector.

Ripple's native token, XRP, has surged past the critical $1 mark, reaching $1.07 in recent trading. This achievement, the first in years, signals renewed optimism in the market. At the time of writing, Ripple (XRP) is trading at $1.12, having surged by 5.66% in the past day and 88.06% in the past week.

However, XRP's price surge is also accompanied by speculation and key events that could be influencing the market. Here are the highlights.

Crucial XRP Price Surges Past $1 Amid Latest Updates

XRP has seen a remarkable surge in recent trading, past the key $1 mark, to be precise. This achievement comes after a prolonged period of consolidation and a legal battle between Ripple and the SEC.

Historically, XRP has faced resistance around the $0.75 range, but a strong breakout above $0.95 has propelled its price higher. Traders are now watching to see if XRP can maintain this momentum and edge closer to its all-time high of $3.30.

SEC Chair Gary Gensler's Potential Resignation Fuels Optimism

The price rally also comes amid speculation about SEC Chair Gary Gensler's potential resignation, which could be as early as November 18. Gensler has been a central figure in the Ripple vs. SEC lawsuit, and his departure could significantly shift the regulatory environment.

A crypto-friendlier SEC leader could pave the way for positive developments for XRP and the broader digital asset space. Furthermore, James K. Filan recently shared his thoughts on the duels between the SEC and Ripple in a tweet.

Ripple CEO's Meeting With President-Elect Sparks Buzz

Adding to the excitement is Ripple CEO Brad Garlinghouse's recent meeting with President-elect Donald Trump. While details of their discussion are yet to be disclosed, the timing, coupled with speculation about regulatory changes, has left the market abuzz.

As XRP continues to surge, many in the crypto community are optimistic about a potential new chapter for Ripple and digital assets.