Recent discussions in the cryptocurrency community indicate that the price of XRP will soon have large movements. JD, the crypto analyst, points out that this particular market expects a robust run. He believes that once SEC Chair Gary Gensler gets fired, XRP will rally massively and may likely reach its ATH. The analyst shared his calculated take-profit levels on Patreon and Discord and noted that if one is entering this cycle, the profit may change a person’s life.
Brad Garlinghouse, CEO of Ripple, echoed similar sentiments in a message to Donald Trump. He congratulated Trump and outlined steps to improve the digital asset environment. Garlinghouse urged Trump to fire Gensler on day one, emphasizing the need for swift action. He suggested appointing leaders like Chris Giancarlo, Brian Brooks, or Dan Gallagher to replace Gensler. These appointments could help rebuild the SEC’s reputation and restore trust in its regulatory framework.
Also, Garlinghouse went on to explain how getting the digital asset legislation through the Senate requires bipartisan support. He stated that arranging the meetings between Republicans and Democrats will be essential toward progress in this area. Exact attention should be paid to the bill regulating the market structure of digital assets to form stable fundamentals of the cryptocurrency space.
A major highlight of Garlinghouse’s post was centered on the issue of defining Ethereum’s position. He questioned if ETH had a chance at getting the same treatment as XRP and BTC, seeking clarity that ETH is not a security. Such clarification can eliminate the existing problematic concerns about the regulatory status of cryptocurrencies and contribute to the improvement of the existing conditions for innovation and investments.
XRP Bullish Forecast: Can It Break Above $1.10?As the cryptocurrency market reacts to potential changes in leadership at the SEC, many traders remain optimistic. The chart of XRP has been in a range and this is usually a bullish pattern before large movements. According to analysts, when the Bollinger Bands narrow, there is a likelihood of a price eruption. Investors are eagerly watching for developments, anticipating the effects of Gensler’s potential departure on XRP and the broader market.
The cryptocurrency community remains focused on these critical developments, which could reshape the landscape of digital assets. With potential leadership changes, traders are prepared for the shifts that could lead to substantial gains.
