XRP has experienced a significant surge of 25% in the last 24 hours, driven by investor optimism regarding a more favorable regulatory environment for cryptocurrencies in the U.S. This increase follows the announcement that Gary Gensler will step down from his position as chairman of the U.S. Securities and Exchange Commission (SEC), which many believe will reduce the regulatory pressure on Ripple Labs, the company behind XRP. Ripple had previously faced allegations by the SEC of selling XRP as a security to U.S. investors. Following a successful court case in 2024, XRP's spotlight has intensified, resulting in a 65% rise over the past week and a staggering 150% increase over the last month. With a market capitalization now at $77 billion, analysts are eyeing a short-term goal of $1.40 for the token. Additionally, Donald Trump's re-election has been welcomed by the crypto community, with hopes that his administration will support favorable cryptocurrency policies.

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