The Trump administration has officially sworn in, with Mark Uyeda acting as the chief of the US Securities and Exchange Commission. That being said, the most important point to make a note of is that Gary Gensler has now officially resigned, marking an era that compels the cryptocurrency industry to bask in and enjoy. That being said, the aforementioned development benefits Ripple (XRP) the most, as the token was embroiled in a legal spat with the US SEC for a long time. The new administration is set to help the cryptocurrency industry prosper, but will this narrative also help shape XRP’s future? Let’s find out.
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Gensler Departs—Uyeda Comes In: What’s Next For XRP?
Ripple (XRP) has had many struggling years where it was scrutinized heavily by the US SEC regime under Gary Gensler. The token was touted as security, was banned from exchanges, and had to battle it out to seek its rightful position in the market.
Now that Gensler has officially left the US SEC, XRP is free to carve its own price trajectory. The token may undergo a massive change, which can be pivotal to its journey as the pro-crypto regime under Trump takes hold of the sector in its entirety.
The sentiment has already turned bullish for XRP, as the token is now sitting at $3.07 at press time.
If all goes well, the new regime could start by approving the pending XRP ETFs, offering investors a holistic XRP trading narrative to interact with. At the same time, XRP is also eyeing major price milestones at the moment, with the token targeting $4 and beyond, in a new analysis presented by Ali Martinez, a notable cryptocurrency analyst.
Per Ali, XRP has already broken a bullish flag and may claim a new price spot of $4.40.
“$XRP has broken out of a bullish flag and now targets $4.40!”
$XRP has broken out of a bullish flag and now targets $4.40! pic.twitter.com/nP3iDuOuxY
— Ali (@ali_charts) January 21, 2025
Moreover, XRP sentiment has already caught the attention of crypto whales who have bought a whopping 100 million XRP in the last 48 hours.
Whales bought over 100 million $XRP in the last 48 hours, as shown by data from @santimentfeed! pic.twitter.com/TVdqt65Nu4
— Ali (@ali_charts) January 20, 2025
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Future Plans Of The Token
As Ripple awaits its pending ETF spree, other than that, the token is also eying global expansion and growth. Ripple’s CEO Brad Garlinghouse met with the US president earlier, sparking rumors of his involvement in a bigger narrative.
Great dinner last night with @realDonaldTrump & @s_alderoty.
— Brad Garlinghouse (@bgarlinghouse) January 8, 2025
Strong start to 2025! pic.twitter.com/UjM6lahUG4
Moreover, XRP could finally seek liberation from the cumbersome XRP-SEC case, allowing the token to claim a new high-priced spot.
Per CoinCodex, XRP may hit the $4 mark by July 2025.
“According to our current XRP price prediction. The price of XRP may rise by 39.97% and reach $ 4.33 by April 21, 2025. Per our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 76 (Extreme Greed). Ripple recorded 18/30 (60%) green days with 14.49% price volatility over the last 30 days. Based on the Ripple forecast, it’s now a good time to buy Ripple.”
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