Cryptocurrency influencer Ben Armstrong (BitBoy) suggests XRP might expertise substantial value progress following Donald Trump’s election victory.
He acknowledged that it might significantly occur if the president-elect follows by means of on his promise to take away SEC Chairman Gary Gensler from workplace.
If he fires Gary Gensler $XRP could be the coin within the #crypto prime 100 that pumps the toughest off of Trump’s presidency.
— The BitBoy (@BenArmstrongsX) November 6, 2024
XRP reveals optimistic momentum
XRP has already proven optimistic momentum amid Trump’s victory, reaching $0.5739, its highest level in 30 days.
This surge aligns with broader market actions, as Bitcoin touched new all-time highs of $76,400 following the election outcomes.
Regardless of latest good points, XRP has underperformed in comparison with its friends within the present bull market.
Whereas cryptocurrencies like Solana and BNB have recorded year-to-date good points exceeding 85%, XRP has skilled a decline, main buyers to hunt potential catalysts for future progress.
Many XRP supporters attribute the token’s underwhelming efficiency throughout the 2021 bull run to SEC Chairman Gensler’s regulatory method and the next lawsuit towards Ripple.
In accordance with BitBoy, XRP might be among the many prime 100 cryptocurrencies to “pump hardest” if Trump follows by means of on his marketing campaign promise to dismiss Gensler on his first day in workplace.
Some fanatics draw parallels to XRP’s historic 2017 efficiency, which noticed a exceptional 75,000% value enhance in a single yr.
They counsel that Gensler’s removing might set off related explosive progress, regardless of XRP already having achieved regulatory readability by means of its authorized victory.
