XRP witnessed a 25% surge within 24 hours following Gary Gensler's announcement to step down as SEC chairman, indicating a bullish market shift toward crypto-friendliness.
With XRP's ongoing connection to Ripple Labs and its recent legal victory over the SEC, its resurgence highlights a growing optimism for a supportive regulatory climate for cryptocurrencies.
The cryptocurrency community reacted positively to Donald Trump's election potential, hoping for regulatory policies that would benefit the industry, especially for tokens like XRP.
Record trading volumes for XRP and high open interest in futures positions underscore the significant demand and market speculation surrounding XRP's future performance.
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