• XRP Price has been holding strong above the important $2 level.
• Gary Gensler’s resignation in 10 days can serve as a catalyst. 
• Analyst explains why $2.50 is important.

XRP has been holding its ground despite the recent crypto market chaos. Unlike other tokens facing sharp declines, XRP has shown surprising resilience, staying steady just below $2.50. XRP’s resilience remained strong, making it a standout in the sea of market turbulence.

While other cryptocurrencies are seeing big drops, XRP has been moving sideways, with a slight upward trend from its dip under $1.99. Analysts believe staying above the $1.98 mark can set up XRP for a bigger rally in the near future.

SEC Leadership Shakeup Fuels XRP Optimism

The biggest news for XRP holders came when SEC Chair Gary Gensler announced his resignation, effective January 20, 2025 – the same day Donald Trump is set to be inaugurated. In just a few hours after the announcement in November, XRP surged by a massive 26%, reaching $1.43 – its highest price since the 2021 crypto bull run.

For many in the XRP community, Gensler’s resignation is seen as a win for Ripple. Under Gensler’s leadership, Ripple has been locked in a tough legal battle with the SEC for over four years. Now, with Gensler stepping down, there is hope that Ripple might finally get a fairer shake from the regulators, opening the door for positive developments in the future.

What’s Next for XRP? Could It Hit $3.30 or Even $10?

XRP’s unexpected jump has fueled an interesting narrative, with many analysts predicting even bigger gains. Analyst Ali Martinez sees two key levels that could start major upward movement for XRP:

• A bounce near $2.05 from a rising trendline.
• A breakout above $2.50, which could set the stage for higher targets.

If these levels are hit, XRP could be on track for new all-time highs, possibly even reaching $3.30. Some bolder predictions suggest XRP could soar to $10, driven by improved regulatory clarity and favorable market conditions.

While no one can say for sure where XRP’s price will go from here, there’s no doubt that Gensler’s resignation has given the crypto community something to get excited about. With the legal battle with the SEC still in play, this could be a turning point for Ripple and XRP holders.