XRP Could Surge 60% as Gary Gensler Exits SEC

• XRP Could Reach $4 After Technical Breakout
• Gary Gensler's departure could boost the crypto market.
• XRP trading volume surges 80%, fueling optimism.

XRP is attracting attention in the cryptocurrency market with a technical scenario that points to a potential appreciation of 60% in the next days . The recent breakout from a symmetrical triangle pattern indicates strength in the bullish movement, especially at a time when the SEC’s leadership is about to change. Gary Gensler, the commission’s chairman, will step down on January 20, making way for Paul Atkins, who is known for taking a more pro-digital asset stance.

At the time of publication, the price of XRP was quoted at $2,47 with a drop of 4% in the last 24 hours.

XRP has seen a slight drop in the past 24 hours. Despite this, analysts remain optimistic about the technical breakout, which could lead the cryptocurrency to reach the $4 level, representing a significant increase from its current price. The projection is calculated based on the maximum height of the symmetrical triangle, added to the breakout point.

$Xrp #Xrp Breakout Has Confirmed With Strong Volume Expecting Continuation In Next Couple Of Days Towards 4$ https://t.co/aXUE5yzV7U pic.twitter.com/pTmMpqlTnl

— World Of Charts (@WorldOfCharts1) January 12, 2025

A critical point for the market will be holding the support at $2,37, which plays a key role in sustaining the rally. Should this line be lost, the price could retreat to the $2,30 range, which is aligned with the 50-period exponential moving average on the 12-hour chart. Still, the overall outlook remains positive, especially if XRP holds above the upper trendline.

Developments in the Ripple vs. SEC case have also added a new boost to XRP. On January 11, a federal judge approved Ripple’s request to seal confidential documents related to the lawsuit. This comes just days before the January 15 deadline for the SEC to file its appeal against the ruling that found that regular sales of XRP do not meet the criteria of the Howey Test. This move has been met with optimism, especially given the prospect of a more open leadership in the crypto market.

The change in leadership at the SEC brings positive expectations. Paul Atkins, who will take over as chairman, is known for supporting free markets and criticizing excessive regulation. This outlook could benefit not only Ripple but the entire cryptocurrency industry, reducing the regulatory uncertainty that has impacted the market since 2020. According to former SEC chairman John Reed Stark, Atkins has a track record of advocating for balanced approaches and reforms at the regulatory body.

Furthermore, interest in XRP has increased significantly in recent days. On January 12, trading volume increased by 80% to $8,98 billion, with activity particularly high on South Korean exchanges such as Upbit. This growth reflects market optimism, indicating that more investors are positioned to take advantage of the potential rally.