Ripple’s XRP has seen a decline in price year-to-date, due in part to the ongoing SEC lawsuit. However, analysts predict a bullish scenario for the token if resistance levels are broken. XRP’s price may experience a rally if the US presidential elections result in a Republican victory, as Trump has promised to fire the SEC’s Chairman, Gary Gensler.
The current negative trend for XRP could be reversed if a more innovation-friendly leader takes over the SEC.
