XRP is Showing a 20% Price Surge Potential in November
The Ripple-associated token is benefiting largely from the comments from Consensys CEO Joe Lubin, who predicted that US courts would likely dismiss or settle most crypto lawsuits filed by the Securities and Exchange Commission (SEC), including the ongoing Ripple versus SEC battle.
Furthermore, XRP is soaring because of what appears to be Gary Gensler’s farewell signals from his current role as the SEC Chairman. He addressed the Practising Law Institute’s 56th Annual Conference on Securities Regulation on Nov. 14.
Reflecting on his tenure since April 2021, Gensler spoke highly of the SEC, stating, “It’s a remarkable agency,” adding:
“It has been a great honor to serve alongside its dedicated members, working to protect investors, foster market integrity, and ensure that our capital markets remain the world’s strongest.”
The next chairman will likely be more crypto-friendly, as President-Elect Donald Trump promised during the July Bitcoin 2024 Conference.
Meanwhile, Robinhood has added XRP to its trading platform, boosting the cryptocurrency’s exposure among US retail investors.
