In the ever-evolving world of cryptocurrency, few assets have generated as much intrigue as XRP. Crypto commentator Ben Armstrong, popularly known as BitBoy, has made a bold prediction regarding the future of XRP. He suggests that if President-elect Donald Trump fulfills his campaign promise to remove SEC Chair Gary Gensler, XRP could experience a significant price surge. Trump’s pro-crypto stance has already caused ripples in the market, with Bitcoin recently surpassing $76,400 following his election victory. Alongside this, XRP has also enjoyed a notable upswing, reaching $0.5739, marking its highest level in 30 days.
Why XRP Price Could Be Poised for a Big Move
BitBoy’s forecast is rooted in the ongoing SEC lawsuit that has lingered over XRP’s performance for years. Many within the XRP community view Gensler as a barrier to the asset’s full potential. Should Trump remove Gensler, Armstrong believes this could pave the way for XRP to become one of the top-gaining cryptocurrencies. During the 2021 bull market, some XRP holders felt that the SEC’s actions hindered the token from reaching new heights. With Gensler out of the picture, BitBoy envisions a unique opportunity for XRP to lead a new growth cycle, reminiscent of the remarkable 2017 bull run when XRP achieved astonishing gains.
Skeptics Remain Doubtful of XRP’s Pump Potential
Despite BitBoy’s optimistic outlook, not everyone shares his enthusiasm. Some voices in the crypto community, such as X user Erik Huisman, dismiss the notion that Gensler’s removal would have a substantial impact on XRP’s price. Critics argue that XRP has already navigated the regulatory challenges posed by the SEC lawsuit and is now operating within a more favorable regulatory environment, diminishing the necessity for a dramatic catalyst.
Can XRP Mirror the 2017 Surge, Post Trump’s Win?
As Donald Trump prepares to assume the presidency, speculation surrounds SEC Chairman Gary Gensler’s future. Some believe he might voluntarily step down rather than being forced out. The crypto community remains hopeful that Trump’s policies will benefit the market, particularly by alleviating regulatory pressures. If Trump does indeed remove Gensler, XRP supporters are optimistic that it could trigger a significant price rally.
However, skepticism lingers regarding whether such changes will occur and their potential impact on XRP’s price. BitBoy’s prediction that XRP could experience a major surge following Gensler’s departure is gaining traction, generating excitement among crypto enthusiasts. With Trump on the brink of taking office, all eyes are on the SEC and the potential ramifications for the crypto world.
As we look ahead to the coming year, with IPOs and stablecoins in the pipeline, many are pondering whether this is the right time to invest in XRP. We invite you to share your thoughts and insights on this intriguing development in the cryptocurrency landscape.
