Cryptocurrency commentator Ben Armstrong, more famously known as BitBoy, has made a bold prediction about the future of XRP. He suggests that the price of XRP could soar if President-elect Donald Trump fulfills his campaign promise to remove SEC Chair Gary Gensler from office. Trump’s pro-crypto policies have already stirred excitement in the crypto markets, leading to Bitcoin surging past $76,400 following his election victory. XRP has also experienced an upswing, reaching $0.5739, its highest level in the past 30 days. With the evolving political landscape, XRP seems poised for a significant rise. Let’s delve deeper into this potential development!
Why XRP Price Could Be Poised for a Big Move
BitBoy’s reasoning centers on the ongoing SEC lawsuit that has loomed over XRP’s performance for years. Many in the XRP community perceive Gensler as an obstacle to the asset’s success. Armstrong believes that if Trump manages to oust Gensler, it could pave the way for XRP to join the ranks of top-gaining cryptocurrencies. According to some XRP holders, the SEC’s actions during the 2021 bull market prevented the token from reaching new highs. With Gensler’s removal, BitBoy envisions a unique opportunity for XRP to lead a new cycle of growth, potentially mirroring the massive 2017 bull run when XRP posted remarkable gains.
Skeptics Remain Doubtful of XRP’s Pump Potential
Despite BitBoy’s optimistic outlook, not everyone shares his enthusiasm. Some crypto analysts, such as X user Erik Huisman, are skeptical of the notion that Gensler’s departure would have such a significant impact on XRP’s price. Critics argue that XRP has already overcome the regulatory challenges it faced during the SEC lawsuit and is now operating under a more favorable regulatory environment, thereby reducing the need for a dramatic catalyst.
Can XRP Mirror the 2017 Surge, Post Trump’s Win?
As Donald Trump’s presidency looms, speculation about SEC Chairman Gary Gensler’s future continues to grow. There is a possibility that Gensler might step down voluntarily rather than be forced out. Many in the crypto community remain hopeful that Trump’s policies could benefit the market, particularly by easing regulatory pressures. If Trump does remove Gensler, XRP supporters believe it could trigger a substantial price rally. However, skepticism persists about whether this scenario will materialize and what impact it would have on XRP’s price.
BitBoy’s prediction that XRP could experience a significant surge if Gensler is dismissed is gaining traction, creating a buzz among crypto enthusiasts. With Trump set to take office, all eyes are on the SEC and how these changes might influence the crypto world. With IPOs and stablecoins in the pipeline for the coming year, the question arises: Is this the right time to invest in XRP? Share your thoughts and insights with us!
