XRP Finally Breaks Above $1, But Can It Hold These Levels?

It's been a wild few days in the crypto world, and XRP is finally back above $1 per coin! After what feels like forever, this is a big milestone, and the market is buzzing.

After what feels like an eternity, XRP has finally managed to reclaim the critical $1 price level following a recent surge. This achievement has sparked a wave of excitement among XRP enthusiasts and traders, who have been eagerly anticipating this moment.

According to recent updates, XRP's price is continuing to ascend, reaching approximately $1.07 on the hourly chart. This surge comes after the asset has been hovering around the 75-cent range for the past couple of years. However, it's only recently that the price has surged higher following a breakout above the 95-cent to $1 range.

Now that XRP's price action has pushed the asset past the critical $1 level, the next focus will be on whether it can sustain these levels and continue pushing toward new highs.

Possible Catalysts Behind XRP's Rise:

XRP's recent surge above the $1 mark has been accompanied by a flurry of news that has the crypto world abuzz.

Ripple CEO Brad Garlinghouse's recent meeting with President-elect Donald Trump has raised eyebrows, especially amid growing speculation regarding the future of SEC Chairman Gary Gensler.

According to reports, Gensler, a key figure in the ongoing Ripple vs. SEC lawsuit, could be stepping down from his role as early as November 18. This potential resignation could have significant implications for the case, which has been closely followed by the crypto industry.

A new SEC chair, particularly one with a more favorable stance toward cryptocurrency, could shift the regulatory landscape in favor of digital assets like XRP.

Conclusion:

The $1 level has long been considered a critical psychological barrier for the asset, and its recent breakout could set the stage for further gains in the coming weeks. XRP enthusiasts and traders are now hoping for continued positive price movement, with many speculating that this could be the beginning of a much larger rally.

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