- New SEC leadership under Mark Uyeda could expedite the resolution of the SEC vs. Ripple lawsuit, boosting XRP’s market trajectory.
- The departure of Gary Gensler has fueled bullish sentiment for XRP, with analysts projecting gains of up to 50% and a potential rally to $4.4.
As Donald Trump takes charge at the White House, pro-crypto Mark Uyeda will be serving as the new chair of the U.S. Securities and Exchange Commission (SEC). With Gary Gensler out of the job, the crypto industry is hopeful that the regime change at the SEC will ultimately benefit Ripple and its native crypto XRP.
Everyone is paying close attention to whether the SEC vs Ripple lawsuit comes to an end quickly which would serve as an additional boost for the XRP price rally ahead. However, just ahead of his departure, Gensler continued to reiterate his old stand that most cryptocurrencies are securities, as highlighted in our previous article. Speaking on this, Ripple CEO Brad Garlinghouse said:
Gensler, very much on brand – completely dismissive of the 2024 election and the American public – fully commits to his failed ‘regulation-by-enforcement agenda to the bitter, bitter end.
XRP Price Rally Ahead As Sentiment Turns Bullish
With Gary Gensler’s departure from the US SEC, XRP now has the opportunity to chart its own price path. The token could experience significant changes, marking a crucial turning point as the pro-crypto agenda under President Trump begins to shape the industry.
As a result, the sentiment for an XRP price is turning bullish, with analysts predicting another 50% gain despite the current pullback. As we discussed earlier, $1 million in XRP transactions saw explosive growth during the Trump inauguration ceremony. Popular crypto analyst Ali Martinez showed that XRP has broken out of the bull-flag pattern suggesting a further rally to $4.4 from here in the short term.
$XRP has broken out of a bullish flag and now targets $4.40! pic.twitter.com/nP3iDuOuxY
— Ali (@ali_charts) January 21, 2025
Supporting this XRP price prediction is a heavy accumulation from Ripple whales. In the past 48 hours, cryptocurrency whales have purchased over 100 million XRP, according to data from Santiment.
Furthermore, as per the CoinShares report, the Ripple cryptocurrency recorded an additional $31 million in inflows last week, boosting its total inflows to an impressive $484 million since mid-November 2024. The consistent capital influx highlights strong investor interest in the token amid evolving market dynamics
Demand for Ripple’s XRP ETF Continues to Grow
Market analysts hope that the new administration’s SEC leadership could begin by approving the pending XRP ETFs, providing investors with a comprehensive framework for XRP trading and engagement.
As noted in our earlier post, JPMorgan analysts have predicted that an XRP exchange-traded fund (ETF) could generate substantial investor interest, with potential inflows estimated between $3 billion and $8 billion. The forecast is based on the strong performance and market reception of Bitcoin ETFs, signaling the growing appetite for cryptocurrency-focused investment vehicles.
