After Bitcoin 
$78,258 surpassed $76,000, XRP saw a price increase of 2.8%. This rise was influenced by the overall market uptrend. Prominent crypto influencer BitBoy predicted that XRP might experience a significant price surge if former President Donald Trump removes SEC Chairman Gary Gensler from his position.
XRP Coin May Rise
Trump’s victory signals important developments for Ripple 
$1. Many crypto commentators and community members are urging Trump to dismiss Gensler, believing this could have a positive effect on XRP.
Popular crypto analyst Ben (BitBoy) Armstrong mentioned that XRP could be among the top 100 coins that will gain the most value. In a previous interview, BitBoy expressed that there will be increased interest in XRP in the next cycle, predicting it will become a top asset.
Ripple CEO’s Statements
On November 11, Ripple’s CEO congratulated Trump on his victory via the X platform. He proposed that Gensler be removed immediately and suggested that Christopher Giancarlo, Daniel Gallagher, or Brian Brooks should take his place.
“@realDonaldTrump, Congratulations! Some items on the first 100-day checklist: – Remove Gensler immediately. – You could appoint Giancarlo, Brooks, or Gallagher as replacements. This would be a significant step to rebuild regulations.”
Speculations suggest that the SEC may appoint Mark Uyeda instead of Gensler. Uyeda is expected to replace Hester Peirce, who was previously appointed by Trump and is known as Crypto Mom.
Last week, XRP’s price increased by 6%, reaching a new level around $0.5515. Technical analysis indicators show increased volatility, suggesting that XRP has the potential to break through resistance levels. The RSI indicator indicates that the price is close to overbought territory.
If XRP surpasses the $0.55 resistance, it could rise to $0.66 in the short term. Should it break this level, targets of $0.94 or even $1 could be achievable. However, if the price falls below $0.50, current optimistic predictions may be invalidated.
The future of XRP appears to be shaped by possible changes at the SEC and overall market dynamics. Participants in the market continue to monitor these developments closely to refine their strategies.
