XRP Price Outlook Brightens: Expert Predicts $2 Target Post-Gensler Era
On Thursday, XRP price surged to $1.41, marking its highest trading value in more than three years. The surge coincides with changes in the U.S. regulatory landscape, driven by the expected administration of President-elect Donald Trump.
During the campaign, Trump promised to position the United States as the “cryptocurrency capital of the world,” a promise that began to resonate with market participants even before he was inaugurated on January 20, 2025.
Gensler sets last day of SEC meeting as January 20
The cryptocurrency market has seen a clear upward trend in recent weeks, with Bitcoin leading the way and achieving consecutive gains all time high. This momentum is partly a response to positive sentiment over Trump’s pro-crypto pledge, which is expected to create a more favorable environment for digital assets.
At the center of this optimism is the departure of current Securities and Exchange Commission (SEC) Chairman Gary Gensler. Gensler has been criticized for cultivating an unclear attitude regulatory environment Many believe this has inhibited the growth of cryptocurrencies in the United States.
For XRP and Ripple Labs, this scrutiny has been particularly evident over the past four years of the Biden administration. Trump previously swear Gensler’s removal was seen by many in the cryptocurrency community as a necessary step toward clearer regulation.
However, on the same day that Trump was expected to be inaugurated, Gensler Confirmed January 20, 2025 will be his last day in the SEC. His resignation preceded a contentious conflict that many experts speculated could have sparked if he stayed in office as Trump sought to replace him.
XRP price surges nearly 30% in 24 hours
This shift in the U.S. regulatory landscape has made the outlook for digital assets clearer, and XRP price action reflects this. In the past 24 hours alone, XRP has recorded gains of nearly 30%, and over the past week, it has gained more than 70%.
Cryptocurrency analyst Ali Martinez recently shared his views on X (formerly Twitter), statement Gensler’s exit could be very beneficial for both Ripple Labs and XRP price, which he believes is currently targeting $2.
Another analyst, CreditBull, echo This sentiment points to XRP’s monthly relative strength index (RSI) approaching overbought territory for the first time in three years.
The analyst emphasized that higher relative strength index Usually indicates that the asset has stronger momentum and a bullish outlook in the absence of any bearish divergence. CrediBull said XRP’s next significant target is $2, after which it is expected to hit an all-time high.
Currently, the coin’s all-time high is $3,040, which was reached nearly seven years ago in January 2018. This means that XRP price could see a massive upward trend of 150% in the coming months.
Featured images from DALL-E, charts from TradingView.com
