XRP experienced a 25.91% price increase in the 24 hours to reach a price of $1.39, the highest price level since May 2021. The crypto has risen over 150% in the past 30 days after trading around $0.5 for most of the past two years.
XRP’s outperformance of other major cryptocurrencies appears to be further driven by Thursday’s announcement of SEC Chair Gary Gensler’s departure from the regulatory agency. Gensler is expected to step down from his post at the commission on Jan. 20, 2025.