The current SEC Chair, Gary Gensler, has decided to step down from his position on January 20, 2025, which has led to a surge in Ripple’s XRP cryptocurrency. The community of XRP fans celebrated Gensler’s decision, as they consider him an enemy of the industry due to his controversial statements about the security status of many assets and his lawsuits.
This has led to some outrageous price targets being outlined by the Ripple community, including a surge to $5 and even $30. However, it must be noted that these high price tags would make XRP one of the biggest assets in the world, not just in the crypto industry. Despite these lofty price targets, the surge in XRP’s value has made it the best-performing larger-cap digital asset.
