Chair

Gary

Donald Trump

<p>Ripple’s <a href="https://www.thecoinrepublic.com/price-prediction/xrp/">XRP</a> token has broken out of a three-year downtrend, coinciding with hints of SEC Chair Gary Gensler’s potential resignation and major whale accumulation. XRP has surged 15% in the last 24 hours and 45% over the past week and was trading at $0.8012.</p> 
<h2 class="wp-block-heading" id="h-analysts-signal-potential-xrp-rally"><strong>Analysts Signal Potential XRP Rally</strong></h2> 
<p>A key technical development has emerged as XRP breaks free from a three-year downtrend pattern. According to analyst Milkybull Crypto, this breakout signals an incoming “massive rally.”</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">This <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a> breakout of the 3-yr downtrend means one thing <br><br>Massive rally incoming <a href="https://t.co/RUwFuPDVM2">pic.twitter.com/RUwFuPDVM2</a></p>— Mikybull 
   <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1857070076794462382?ref_src=twsrc%5Etfw">November 14, 2024</a>
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<p>Supporting this bullish outlook, Santiment data reveals that large holders controlling at least 1 million XRP now possess a combined 45.61 billion tokens, marking their highest holdings since June 2018.</p> 
<p>Whale accumulation has shown remarkable strength, with large holders adding 3.44 billion XRP over the past two years, representing an 8.16% increase in their total holdings.</p> 
<p>This accumulation phase has coincided with the token’s recent price surge, which has rewarded traders with a 40% return in just seven days.</p> 
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> Wallets with at least 1M XRP now hold a combined 45.61B tokens, their highest amount held since June, 2018. In the past 2 years, whales &amp; sharks have reversed course and accumulated 3.44B more XRP, a +8.16% increase. Traders have enjoyed a +40% return in the past 7 days. <a href="https://t.co/nzYNU3CJyW">pic.twitter.com/nzYNU3CJyW</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1857139322614603835?ref_src=twsrc%5Etfw">November 14, 2024</a>
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<h2 class="wp-block-heading" id="h-sec-s-gary-gensler-hints-at-a-potential-resignation"><strong>SEC’s Gary Gensler hints at a potential resignation</strong></h2> 
<p>SEC Chair Gary Gensler’s recent&nbsp;remarks&nbsp;at PLI’s 56th Annual Institute on Securities Regulation have sparked speculation about his departure.</p> 
<p>During his speech, which covered various aspects of US capital markets, corporate governance, and disclosure rules, Gensler notably commented, “It’s been a great honor to serve with them, doing the people’s work, and ensuring that our capital markets remain the best in the world.”</p> 
<p>His potential departure comes after a tenure since 2021, during which the SEC implemented reforms in the $28 trillion US Treasury markets and updated regulations for the $60 trillion equity market.</p> 
<p>Regarding cryptocurrency enforcement, Gensler noted that crypto-related cases have constituted “five to seven percent” of the SEC’s overall enforcement efforts since 2018.</p> 
<h2 class="wp-block-heading" id="h-xrp-price-pumps-over-15"><strong>XRP Price Pumps Over 15%</strong></h2> 
<p>XRP’s price performance reflects growing market optimism, with the token trading between $0.5464 and $0.8276 over the past week. The current price of $0.8012 represents a key recovery, supported by both technical and fundamental factors.</p> 
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  <img loading="lazy" decoding="async" width="1024" height="772" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp-1024x772.jpg" alt="XRP 1D price chart from CoinGecko" class="wp-image-834256" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp-1024x772.jpg 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp-300x226.jpg 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp-768x579.jpg 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp-1536x1158.jpg 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp-150x113.jpg 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp-696x525.jpg 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp-1068x805.jpg 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/11/tempImage3So3mp.jpg 1592w" sizes="auto, (max-width: 1024px) 100vw, 1024px">
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   XRP 1D price chart from CoinGecko
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<p>The combination of the technical breakout, increased whale accumulation, and potential regulatory shifts has created a powerful catalyst for XRP’s upward momentum.</p> 
<p>The surge in price and accumulation by major holders suggests growing confidence in XRP’s future prospects, particularly as the regulatory landscape appears to be shifting.</p> 
<p>This surge is considerable as it follows the recent surge of Bitcoin following the victory of Donald Trump as the United States president.</p> 
<p>XRP price plunged following the SEC’s lawsuit. The coin was 76% down from its ATH of $3.40 from January 7, 2018.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/11/16/ripple-xrp-breaks-out-of-a-3-year-downtrend-as-gensler-hints-resignation/">Ripple (XRP) Breaks Out of a 3-Year Downtrend as Gensler Hints Resignation</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

Ripple (XRP) Breaks Out of a 3-Year Downtrend as Gensler Hints Resignation

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