With Gensler’s exit and Trump’s leadership, how high will XRP go?

• Gensler steps down on January 20, 2025, and Trump’s leadership may change crypto rules, impacting XRP.
• XRP jumped to $3.38 after Trump’s win but is now around $3.15. Experts see support at $2.80-$2.90 before another rise.
• Chances of an XRP ETF approval are 66%. JPMorgan predicts $4-$8 million in inflows, which may push XRP higher.

Gary Gensler will leave office as U.S. Securities and Exchange Commission Chairman on January 20, 2025. When his term since April 2021 would have ended. Since Donald Trump’s victory in the U.S. presidential election is expected to change expectations in regulation,. This makes his resignation inevitable. Trump has already indicated his willingness with the nomination of Paul Atkins. However, voting in the senate will finalize whom to put for the job.

Gensler’s resignation, however, started a discussion about crypto, especially among XRP holders. Since much of Gensler’s time was spent suing Ripple. His rigid stand on regulation really impacted the XRP price through the years. With his resignation, many people believe that Ripple token may go through some considerable price action that would be swayed by the investor mood and the decisions in the regulatory area.

Gary Gensler’s Exit and Its Impact on Crypto

Gensler had been the most aggressive on enforcement while serving at SEC; he had handled more than 2,700 cases and returned $2.7 billion to investors. In his recent social media post, he expressed his tenure and said that he believes in the capital markets and fair competition.

Many saw it as a goodbye message before officially resigning. A final ceremonial goodbye is also due, in which he might speak to regulatory definition again about XRP. Price for Ripple drastically plummeted from its high of $3.80 to an average low of $0.50 after suing the SEC. Yet after the victory of Trump, it recovered strongly and touched a seven year high of $3.38. The anticipation of regulatory changes and the change in the leadership over at the SEC sparked the hope of investors, making them believe that the prices might actually rise further.

XRP Price Moves and Future Predictions

According to market trends, XRP has been consolidating since the latest surge. Currently, the token is trading at $3.15 as the token fell by 6% since the trading activity came down with mixed sentiments from investors. Analysts remain positive for long term prospects because this short term volatility will not present any significant hindrance.

Crypto analyst Andrew Griffiths believes that XRP is consolidating and the price can get supported at $2.80-$2.90 levels. He added that the correction phase might come ahead of the rally and can pull the price down to $3.30. Talk about an XRP based exchange traded fund has become much more heated in recent days as well, and Polymarket now puts it at a 66% chance of approval. Analysts at JPMorgan predict that such an ETF would attract $4-$8 million in inflows in its first year, which can positively affect the value of XRP.

As Gensler’s final day approaches, Ripple’s Chief Legal Officer, Stuart Alderoty, remarked that starting tomorrow, people might move on from discussing Gensler’s role in crypto regulation.The crypto community remains focused on the policy shifts in incoming leadership. With Trump at the helm and the emergence of a high chance of an XRP ETF, investors keep foreseeing long term growth of around $20 for XRP.

However, it is possible that short term fluctuations are still expected due to the market sentiment. Overall, the trend is still upbeat, but investors need to be aware of the development going on with regard to the leadership changeover at the SEC.

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