TL;DR
Ripple’s XRP has experienced a significant surge in the last 30 days, with analysts predicting further gains. The asset’s price could be influenced by leadership changes at the SEC. XRP has seen impressive gains over the past month, with its price increasing by 330%. However, it has since declined by 6% in the past day.
Some analysts believe that XRP is undervalued and could see substantial gains in the near future. The price could reach a conservative target of $8.40 or an optimistic target of $48.12. The outcome of Ripple’s legal battle with the SEC could also impact XRP’s price trajectory. The departure of Gary Gensler, the current SEC Chairman, could lead to a faster resolution of the case under the leadership of former SEC Commissioner Paul Atkins, who has been a consistent advocate of the crypto sector.
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