Ripple (XRP) is gaining much attention in the market as its interest has rapidly increased over the past week. On Monday, analyst <a href="https://x.com/RippleXrpie/status/1858428825832399033" rel="noopener noreferrer nofollow">JackTheRippler</a> posted on X that SEC Chairman Gary Gensler may resign soon, which would have implications for the crypto industry. If this rumor turns out to be true, it will have a massive impact on regulating cryptocurrencies, including XRP. An official announcement may be made in the near future, which may affect the market even more.Potential XRP BreakoutThe technical indicator points out that XRP might be preparing to break through during this period of volatility. On Monday, analyst JD <a href="https://x.com/jaydee_757/status/1858369211170742383" rel="noopener noreferrer nofollow">posted</a> on X that he is gearing up to mark the token’s top if it breaches a seven-year trendline. JD suggested that the breakout could happen soon, especially after the close of the monthly chart, which was positive. An increase in the BB and RSI breakout further helps to support the bulls’ argument. JD confidently stated that if these indicators are in the right place, he will be ready to wear his ‘MOONBOY boots.’XRP&#39;s Search Popularity SoarsThe increase in the popularity of XRP is not only reflected in technical analysis. Google Trends <a href="https://trends.google.com/trends/explore?q&#61;XRP&amp;hl&#61;en" rel="noopener noreferrer nofollow">data</a> show that interest in the token has spiked sharply. On November 16, the search popularity score of XRP hit 100, which is an excellent indicator of public interest in the <a href="https://cryptotale.org/altcoin-market-signals-rally-with-2016-2017-cycle-patterns/" rel="noopener noreferrer nofollow">cryptocurrency</a>. On November 8, the interest index was at only 8, which shows how the sentiment changed drastically. This can be seen in April 2021, when XRP trading reached $1.96 as the search interest followed a similar trend.<a href="https://cryptotale.org/xrp-gains-momentum-amid-sec-rumors-and-technical-breakout/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

XRP Gains Momentum Amid SEC Rumors And Technical Breakout

CryptoTale

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