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Finbold 2025-01-30 13:21:25

$1,000 invested in XRP when Gary Gensler resigned is worth this much

As much as Donald Trump’s re-election triggered a massive rally across multiple assets, XRP significantly benefited from the confirmation that the now-former Securities and Exchange Commission (SEC) Chair Gary Gensler would resign on January 20 . Indeed, the events of the final months of 2024 caused a storm, sending the token from $0.51 on November 1 to a high near $3.35 and, finally, to its press time price of $3.20. All in all, XRP has rallied a total of 492.16% by January 30, 2025, since the start of November. XRP 6-month price chart. Source: Finbold Still, the performance since the January 20 Trump inauguration and Gensler’s resignation has been substantially more tame. Specifically, XRP ‘opened’ at $2.95 on the day, reached a daily high of $3.35, and ‘closed’ at $3.09. Given the aforementioned press time price of $3.02, such a setup means that investors who elected to purchase the token hoping for a rally driven by an SEC leadership shakeup would not have, by January 30, seen noteworthy returns. How profitable would have a January 20 XRP investment been A $1,000 investment made early in the day would now be worth $1,023.73, while a late entry would stand at $977.35. Simultaneously, those who timed their January 20 investment comparatively poorly and purchased near the day’s high would now have $901.49. In stark contrast, those who managed to foresee the election results and their fallout already on November 5 and bought $1,000 worth of XRP would have enjoyed seeing their investment appreciate to $5,921.57 by press time. Why the SEC has a profound impact on XRP’s price The relative lack of a rally after Gensler departed the watchdog is somewhat surprising as the SEC has become closely linked with XRP and Ripple due to a long-standing legal battle between the two entities. The precarious position of the token ensured it missed the bulk of the 2024 rally and kept it relatively close to $0.50 for multiple years. Still, Ripple Labs’ has, in recent months, seemingly been gaining the upper hand in the courtroom, though January saw yet another SEC appeal being filed. It is, at press time, widely expected the regulator will back down despite filing the appeal due to the decidedly crypto-friendly position of the incumbent administration. Featured image via Shutterstock The post $1,000 invested in XRP when Gary Gensler resigned is worth this much appeared first on Finbold .

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