XRP's price surged to its highest since May 2021, reaching $1.49 amid speculation about a favorable regulatory environment following the impending exit of SEC Chair Gary Gensler. Under Gensler's tenure, the SEC had targeted Ripple Labs, alleging XRP was a security. However, a recent federal court ruling indicated that XRP is not necessarily a security, though uncertainty remained due to the SEC's ongoing appeal. As Gensler prepares to leave when President-elect Donald Trump assumes office, investors are hopeful for a shift towards a more crypto-friendly SEC. Analysts believe that this potential change, combined with increased access to XRP for U.S. investors, is driving up prices. Ripple's ongoing litigation with the SEC has prolonged doubts around its regulatory status, but the changing political landscape has renewed optimism among XRP supporters, suggesting a bullish outlook for the cryptocurrency.

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