The post Why XRP Price is Surging Today? appeared first on Coinpedia Fintech News
XRP the 7th largest cryptocurrency has experienced a whooping surge of around 15% over the last 24 hours, beating the broader crypto market trend. While Bitcoin and Ethereum saw losses of 1.4% and 3.8%, respectively, XRP briefly crossed the $0.80 mark. This impressive rally is triggered by two main developments: regulatory news surrounding SEC Chair Gary Gensler’s potential resignation and Ripple’s upcoming stablecoin launch, RLUSD.
There are also speculations that the Ripple vs SEC case may get dismissed once Gensler steps down. Here are some interesting factors that excited the XRP investors this week.
Speculation on SEC Chair Gensler’s Exit
One of the driving factors behind XRP’s recent rise is speculation about U.S. SEC Chair Gary Gensler’s possible resignation. In a recent address, Gensler reflected on his tenure and highlighted the SEC’s efforts to modernize financial re
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