Possible crucial updates this week for XRP holders are filled with speculative but potentially high-impact updates, as noted by crypto analyst Vincent Van Code in his recent post on X.
XRP is currently experiencing a bullish trend, rising +100% over the past two weeks and currently trading around $1.13, a major increase from its October lows of approximately $0.60. This renewed interest from investors suggests that XRP may be on the verge of a significant rally.
Potential Key Drivers for XRP’s Growth this Week
Vincent Van Code, a crypto commentator think this week might be the most exciting fort Ripple XRP price. The analyst outlines four key factors that could drive XRP even higher.
Gensler’s Resignation:
The SEC Chairman, Gary Gensler, has been strict in the regulatory scrutiny facing Ripple and the cryptocurrency landscape. There have been speculations about his potential resignation.
Should he resign, it might cause a shift in the SEC’s approach to cryptocurrencies, potentially reducing regulatory pressure. Such a change could enhance interest in XRP, making it more attractive to both investors and institutions.
🚨 RUMORS:
GARY GENSLER WILL RESIGN TOMORROW, NOVEMBER 18! ❌
THIS COULD UNLEASH #XRP – DO YOU THINK THIS WILL HAPPEN? 🤔💭 pic.twitter.com/GVisCf8dc8
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) November 17, 2024Trump Mentions XRP:
Although speculative, any mention of XRP by former President Donald Trump could have a major effect. Known for his influence, Trump’s remarks often sway public opinion. With the upcoming US president supporting crypto, there are various speculations that some coins like XRP could find favor with him.
An acknowledgment of XRP from him could ignite significant retail interest and drive trading volume, potentially pushing prices upward.
If you are an #XRP holder, this week is by far the most exciting and significant than any other in the last 3 years.
Watching for:
1. Gensler resignation
2. Trump possible XRP mention
3. RLUSD approval announcement
4. Major US bank announcement#XRPL #Ripple #SECGov
— Vincent Van Code (@vincent_vancode) November 17, 2024RLUSD Approval Announcement:
The anticipated approval of RLUSD, a new stablecoin or digital asset linked to Ripple’s ecosystem, could significantly enhance Ripple’s offerings.
This approval would bolster XRP’s utility in payments and settlements, strengthening its position as a bridge currency. Increased use cases and partnerships arising from this development might lead to a positive price reaction.
WOW! 💥
In the last few hours 54,720,300 ‚RLUSD‘ have been burned! 🔥
Is ‚RLUSD‘ finally ready to get launched? ‚RLUSD‘ will complement #XRP 🙌🏼 pic.twitter.com/8qAcQPFHSu
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) November 17, 2024Major U.S. Bank Announcement:
Ripple has been actively seeking partnerships with financial institutions. An announcement from a major U.S. bank regarding collaboration with Ripple could be transformative.
Such a partnership would likely validate Ripple’s technology for cross-border payments, paving the way for broader institutional adoption of XRP and further enhancing its price potential.
🌐 The #XRP & #XRPL Lending Revolution Is Coming! 🌐
– Bank of America
– Santander
– Standard Chartered
– Siam Commercial Bank
– PNC Bank
– CIBC
– Bank Leumi
– SBI Holdings
– Axis Bank
– Kotak Mahindra Bank
– IndusInd Bank
– LianLian
– Euro Exim Bank
– MoneyGram
– National Bank…
— WallStreetBulls (@w_thejazz) November 16, 2024XRP is already showing gains, these upcoming and potential events could serve as catalysts for an even more bullish run. XRP community is ready for more upsides. Investors will be closely monitoring how these developments could translate into sustained price growth.
