XRP Rises Amid Speculations About SEC Leadership Changes Ripple’s XRP is currently trading in the green, with a gain of over 3% in the past 24 hours. The altcoin is moving within a range of $1.06 to $1.15. The price surge is partly fueled by speculation about the potential resignation of SEC Chair Gary Gensler. Reports suggest that newly elected President Donald Trump is considering replacing Gensler with a more crypto-friendly chair. However, XRP's all-time high (ATH) remains at $3.30, and it is yet to be seen if bulls can push the price to this level by the end of the year. XRP Price Analysis Current Market Situation XRP is trading between the golden pocket and the 78.6% Fibonacci retracement level on the weekly chart. This Fibonacci level, acting as a strong resistance, is around $1.30. The resistance zone starts at $1.26 and extends up to $1.30. Key Support Zone The main support for XRP lies between $0.94 and $1.00. This zone previously acted as resistance and now serves as a support level. In the event of a price pullback, this range is likely to hold. Bullish Scenario: Potential Breakout A confirmed breakout above $1.30 could propel XRP toward its previous highs around $1.70 to $2. This level is critical to watch for potential upward movement. Short-Term Price Pattern XRP is forming a price pattern similar to Cardano (ADA). If XRP breaks the resistance at $1.14, a bullish continuation could target $1.35. However, if support at $1.08 is breached, the price may drop to around $0.91 to $0.92, representing a potential 15% decline. XRP Compared to Bitcoin On the weekly XRP/BTC chart, XRP could replicate the pattern seen in early 2021, where a double bottom led to a significant surge. If this pattern repeats, XRP could double in value compared to Bitcoin, potentially delivering gains of over 100%. Summary: XRP is at a critical juncture with key resistance and support levels that will determine its next move. A breakout above $1.30 could lead to substantial gains, while a drop below $1.08 might signal a short-term correction.

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