XRP Might Be the Coin That Pumps the Hardest Off of Trump’s Presidency

Based on the troubled relationship between XRP’s parent company, Ripple, and the United States Securities and Exchange Commission (SEC) chairman Gary Gensler, the latter’s exit might fuel the altcoin’s fire.

Pro-crypto President-elect Donald Trump might be planning to fire SEC Chairman Gary Gensler, and this move could have a positive impact on XRP's price.

According to crypto pundit The BitBoy, XRP might be the best performing coin in the crypto top 100 if Trump fires Gensler.

This is because Gensler has taken a stringent crypto approach, which has resulted in enforcement actions against various entities, including Ripple.

A change of leadership at the SEC is bullish for XRP because it might end Ripple's prolonged legal battle.

Coinịp

Recently, Gensler made a statement that seems to indicate his impending departure from the SEC.

“It’s been a great honor to serve with them (SEC), doing the people’s work, and ensuring that our capital markets remain the best in the world.”

This statement is significant because it comes at a time when President-elect Trump has expressed support for cryptocurrencies.

As a result, Gensler's departure from the SEC seems to be a matter of when, not if.

This news has XRP enthusiasts excited because Gensler's crypto approach has led to enforcement actions against several entities, including Ripple.

As a result, a change in SEC leadership could put an end to Ripple's extended legal battle.

This news is particularly relevant because XRP has been stuck in a 4-year symmetrical triangle, which has sparked concerns within the crypto community.

However, this narrative is changing as XRP has breached the psychological threshold of $1, a level last seen in December 2021.

According to CoinGecko, XRP is up 103.2% in the past week, trading at $1.12 at the time of writing.

This momentum is being fueled by Ripple whales, who have gone on a buying spree, purchasing 320 million XRP.

It now remains to be seen how XRP will perform if there is a change in leadership at the SEC.