XRP Price to Explode if Trump Fires SEC Chair Gary Gensler! Here’s Why

The post XRP Price to Explode if Trump Fires SEC Chair Gary Gensler! Here’s Why appeared first on Coinpedia Fintech News

Crypto commentator Ben Armstrong, widely known as BitBoy, has a striking forecast for XRP: he believes its price could skyrocket if President-elect Donald Trump follows through on his campaign promise to remove SEC Chair Gary Gensler. Trump’s pro-crypto stance has already stirred excitement in the crypto markets, with Bitcoin surging past $76,400 on the news of his election win. Meanwhile, XRP has also seen an upswing, reaching $0.5739, its highest level in 30 days.

With the changing political scenario, XRP is posed to go higher. Let’s find out!

Why XRP Price Could Be Poised for a Big Move?

BitBoy’s rationale centers on the SEC lawsuit that shadowed XRP’s performance for years, leading many in the XRP community to see Gensler as a roadblock to the asset’s potential. If Trump ousts Gensler, Armstrong believes it could clear the way for XRP to join the ranks of top-gaining cryptos. The SEC’s actions during the 2021 bull market, according to some XRP holders, prevented the token from achieving new highs. With Gensler removed, BitBoy sees a unique opportunity for XRP to lead a new cycle of growth, possibly echoing the massive 2017 bull run when XRP posted staggering gains.

Skeptics Remain Doubtful of XRP’s Pump Potential

However, not everyone agrees with BitBoy’s optimistic outlook. Some crypto voices, like X user Erik Huisman, dismiss the idea that Gensler’s departure would create such a substantial impact on XRP’s price. Critics argue that XRP has already navigated the regulatory hurdles it faced during the SEC lawsuit and is now operating under a more favorable regulatory landscape, reducing the need for a dramatic catalyst.

Can XRP Mirror the 2017 Surge, Post Trump’s Win?

As Donald Trump’s presidency approaches, there’s growing speculation about SEC Chairman Gary Gensler’s future. Some believe he might step down voluntarily instead of being forced out. Many in the crypto community are hopeful that Trump’s policies could benefit the market, especially by easing regulatory pressures. If Trump does remove Gensler, supporters of XRP think it could trigger a big price rally.

However, there are still some who are skeptical about whether this will happen and what effect it will have on XRP’s price. BitBoy’s prediction that XRP could see a major surge if Gensler is fired is gaining attention, and excitement is building among crypto enthusiasts. With Trump about to take office, all eyes are on the SEC and how these changes could impact the crypto world. 

With IPO, and stablecoins all in the pipeline for next year, is this the right time to invest in XRP? Tell us your views.