Renowned crypto commentator Ben Armstrong, popularly known as BitBoy, has made a bold prediction regarding the future of XRP. He suggests that the price of XRP could experience a significant surge if President-elect Donald Trump fulfills his campaign promise to remove SEC Chair Gary Gensler. Trump’s pro-crypto stance has already created waves in the cryptocurrency markets, propelling Bitcoin beyond $76,400 following his election victory. Similarly, XRP has witnessed a rise, achieving $0.5739, marking its highest point in the past 30 days. With the evolving political landscape, XRP seems poised for further growth. Let’s delve deeper into this potential development!
Why XRP Price Could Be Poised for a Big Move
BitBoy’s reasoning revolves around the long-standing SEC lawsuit that has overshadowed XRP’s performance, with many in the XRP community viewing Gensler as an impediment to the asset’s full potential. Armstrong believes that if Trump succeeds in removing Gensler, it could pave the way for XRP to ascend to the upper echelons of the cryptocurrency market. During the 2021 bull market, actions by the SEC, as some XRP holders assert, hindered the token from reaching new heights. With Gensler out of the picture, BitBoy envisions an opportunity for XRP to potentially lead a new growth cycle, reminiscent of the monumental 2017 bull run when XRP achieved remarkable gains.
Skeptics Remain Doubtful of XRP’s Pump Potential
However, BitBoy’s optimistic perspective is not universally accepted. Some voices in the crypto community, such as X user Erik Huisman, are skeptical of the notion that Gensler’s removal would significantly impact XRP’s price. Critics contend that XRP has already traversed the regulatory challenges it faced during the SEC lawsuit and now operates within a more favorable regulatory framework, thus diminishing the necessity for a dramatic catalyst.
Can XRP Mirror the 2017 Surge, Post Trump’s Win?
As Donald Trump’s presidency looms, speculation intensifies regarding the future of SEC Chairman Gary Gensler. Some speculate he might choose to step down voluntarily rather than being ousted. The crypto community remains hopeful that Trump’s policies will favorably influence the market, particularly by alleviating regulatory pressures. Should Trump manage to remove Gensler, XRP supporters believe it could trigger a significant price rally.
Nevertheless, doubts persist about the likelihood of this scenario unfolding and its potential impact on XRP’s price. BitBoy’s forecast of a major surge in XRP if Gensler is dismissed is garnering attention, igniting excitement among crypto enthusiasts. With Trump poised to assume office, the spotlight is on the SEC and how these developments could affect the crypto sector. With initial public offerings (IPOs) and stablecoins in the pipeline for the next year, is now the opportune moment to invest in XRP? We invite you to share your perspectives.
