TL;DR
XRP surged by double digits in the past week, with analysts predicting additional gains of up to $8.
Rumors of SEC Chair Gary Gensler’s replacement with a new pro-crypto leader could aid Ripple’s legal issues, driving XRP’s growth further.
The Potential Journey to a New ATH
Ripple’s XRP was unable to join the massive bull run of the cryptocurrency market following Donald Trump’s win in the US presidential elections. However, in the past week, it followed suit and even outperformed all of the top 20 digital assets. As of the time of this writing, it trades at $1.13 (per CoinGecko’s data), representing a 67% increase on a seven-day scale.
XRP Price, Source: CoinGeckoThe resurgence fueled huge enthusiasm across the XRP community, while multiple analysts predicted