The cryptocurrency markets eagerly anticipate significant news, as Bitcoin 
$64,761‘s (BTC) rise has not yet translated into gains for altcoins. These times symbolize the calm before a major surge. Many cryptocurrencies, which are still tethered to BTC’s peak prices of around $70,000, are awaiting substantial movement. In this context, XRP Coin stands out as a potentially advantageous asset.
Ripple News
Recently, Ripple’s Legal Director provided insights regarding Gary Gensler’s resignation, which the crypto community is watching closely. As one of the largest crypto companies in the country, Ripple’s expectations and stance on this matter are crucial, sparking excitement about the future of cryptocurrencies.
Stuart Alderoty, the company’s Legal Director, expressed the following:
“There is a lot of unsolicited advice about who the next SEC Chair should be (or should not be). I trust that the transition team will make the right decision, keeping the risks for crypto in mind.”
Stuart outlined a six-point plan for future actions.
- Terminate all non-fraudulent crypto cases from day one.
- Obtain commitments from Commissioners Uyeda and Peirce to remain and collaborate with the new chair.
- Cooperate with all financial regulators and Congress on clear rules for crypto, without assuming SEC’s primary jurisdiction.
- Revoke the 2018 Hinman speech and the 2019 “Framework for Analysis of Digital Asset Investment Contracts.”
- Create transparency around the FOIA process to establish a genuine and reliable access mechanism for the public.
- Enhance the Office of Inspector General to address past issues within the SEC for accountability and to restore public trust.
XRP Coin Price Predictions
XRP Coin’s continued closes above $1 is quite positive. Depending on BTC price fluctuations, support levels might be tested. However, if the expectations voiced by Ripple’s Legal Director materialize, XRP Coin could reach peaks above $1.35.
In the event of a BTC correction, a test of $0.93 may be possible.
