Will Ripple’s Record-Breaking Rally Push XRP to New Heights, or Is This Just a Temporary Surge Fueled by Regulatory Rumors and Whale Activity?

XRP’s record-breaking rally has made headlines this week, with the token soaring past the $1 milestone for the first time since November 2021.

XRP’s record-breaking rally: A closer look at the factors at play and what they could mean for XRP's price in the near future

As XRP experiences a historic price surge and rumors swirl about a potential shake-up in U.S. regulatory leadership, let's delve deeper into the factors driving this rally and what they could意味着 for XRP’s price in the coming years.

After a tumultuous year that saw XRP’s price plummet to lows of $0.33 in January, the token has finally experienced a much-needed rally, surging past the $1 milestone for the first time since November 2021. As of Nov. 16, XRP trades at $1.19, up more than 30% in the past 24 hours and over 108% in the last seven days.

This price rally comes amid rumors of SEC Chairman Gary Gensler stepping down from his role. Gensler’s tenure at the SEC has been marked by a contentious legal battle with Ripple over the classification of XRP as a security.

However, Gensler’s recent speech at the Practising Law Institute’s annual securities regulation conference struck a tone many have interpreted as a possible farewell. Describing his time at the SEC as “an honor,” Gensler reiterated his stance that most cryptocurrencies, aside from Bitcoin (BTC), fall under the SEC's regulatory purview.

While Gensler did not explicitly announce his resignation, his departure would likely inject fresh optimism into the crypto market, with Ripple’s XRP emerging as a clear beneficiary.

Gensler's exit could pave the way for a more favorable regulatory environment for crypto assets, boosting XRP's prospects. But how will this unfolding story affect XRP's price in the coming years? Let's explore the predictions and projections from technical analysts and cryptocurrency platforms.

According to technical analysts like XForceGlobal, a confirmed breakout in Ripple's price action bodes well for XRP. Their analysis suggests that the token has broken through key resistance levels, including the D-wave of its triangle pattern. Based on their analysis, there is a “99.99% chance” of XRP eventually hitting $5, though the time frame for this occurrence is not specified in their analysis.

On the other hand, Coincodex offers a more short-term outlook for XRP's price, predicting that the token could reach approximately $1.13 by Dec. 16. DigitalCoinPrice provides a broader perspective, expecting XRP's price to range between $1.03 and $2.50 by the end of 2024, with an average price of $2.42.

As we move into the following years, Coincodex projects XRP's price to vary between $0.69 and $3.09 in 2025, with an average price of $1.66. DigitalCoinPrice is more optimistic for 2025, anticipating XRP's price to be in the range of $2.46 to $2.96, averaging at $2.80.

By 2030, DigitalCoinPrice predicts XRP's price to reach an optimistic level, estimating it to be in the range of $7.72 to $8.56, with an average price of $8.42. Coincodex provides a more conservative estimate for 2030, anticipating XRP's price to be between $1.23 and $2.88, averaging at $1.80.

While these predictions and projections offer a glimpse into the potential trajectory of XRP's price, it's crucial to approach them with caution and consider the broader factors at play.