XRP Army Cheers on Ripple’s 26% Daily Price Rise with Predictions of Up to $30 Per Coin

TL:DR;

Current SEC Chairman Gary Gensler’s decision to step away from the agency pushed XRP to new local highs well above $1.4. Ripple’s vocal community was quick to celebrate the development by outlining future price targets, some of which were quite outrageous, to say the least.

CryptoPotato reported Gensler’s announcement yesterday evening, in which the current SEC chairman said he would step down on the day Donald Trump is inaugurated as the 47th president of the US, on January 20, 2025.

While this was somewhat expected, it sent XRP flying due to lawsuits between the company behind the asset and the management of the Gensler Commission.

At first, Ripple’s native token jumped just 5%, but it continued to rise in the following hours, surpassing $1.4 for the first time since May 2021. As such, XRP has now risen more than 26% and is the largest capitalization with the best performance. digital asset

The community welcomed Gensler’s decision, as it has long been considered an enemy of the industry, given many of the questionable statements about the safety status of many assets, as well as controversial lawsuits.

The Ripple army also weighed in on the matter, especially the rise of XRP. As usual, many started offering quite promising price targets for the native token, including a $5 increase and even $30.

yes #XRP closes the monthly candle around $2, up 288%, as it did in March 2017. If the trend continues, it would close around $5 in December and $30 by the end of January 2025.

— CryptoBull (@CryptoBull2020) November 22, 2024

However, it must be said that such high price tags would make XRP one of the biggest assets in the world, not just crypto. $5 per token would send its market cap to $285 billion, while $30 would make it $1.7 trillion, or just below Bitcoin’s market cap. This would mean that XRP enters the top 10 assets by this metric, which looks promising but quite overdone, at least for now.

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