Ripple’s XRP Rockets to $0.89 as Gensler’s Thanksgiving Exit Rumors Swirl

• XRP surged over 60% in the past week, now at $0.89, its highest since December 2021.
• Positive outcomes for Ripple include the XRP listing on Robinhood and market sentiment after Trump’s win.
• Reports of SEC Chair Gary Gensler stepping down by November 28 have further boosted XRP’s price.

Ripple’s XRP is currently one of the week’s highest earners among all cryptocurrencies. After surging near the $0.85 zone yesterday — XRP continued its upward momentum and now trades around the 90-cent margin. 

A week ago on November 8 – XRP traded at $0.55. Moving forward this past 7-day period had several positive outcomes for Ripple, including the XRP listing on Robinhood, positive market sentiment after the Trump win, and of course speculations about a potential change in leadership at the Securities and Exchange Commission.

This caused the currency to gain over 60% in value in just 7 days. At this time of writing XRP is worth $0.89 per token – its highest value since December of 2021. 

Potential For Gensler Departure After November 28th

Today’s price increase of 15% is no coincidence. Following reports that current SEC Chair Gary Gensler would not finish his term and willingly step down from the position still this month has led to a major XRP increase. 

The report comes from Eleanor Terret at Fox News, who reported on Twitter rumors of Gensler stepping down after American Thanksgiving, on November 28.

Since the Trump victory earlier this month, many expected Gensler to either step down or be replaced by the soon-to-be President.