XRP Price Up 8%: What Is Going On With Ripple?

XRP (CRYPTO: XRP) is up 8% over the past 24 hours, gaining momentum as news of SEC Chairman Gary Gensler stepping down sends bullish signals across the market.

What Happened: Gensler announced his resignation effective January 20, 2025, which has been interpreted as a positive development for Ripple.

XRP's price surged 8% on Thursday, contributing to a 51% gain over the past week and a remarkable 120.2% increase over the past month.

This development is seen as a turning point for Ripple and its associated cryptocurrency, XRP, amid its ongoing legal battles with the SEC.

Statistics: CryptoQuant Korea observed a significant rise in XRP deposits on Binance, primarily driven by retail traders. ...

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