XRP Price Prediction: Ripple Soars 15% As SEC Chair Gary Gensler Hints At Resignation And Traders Rush To Buy This Crypto For Its 1,048% Staking APY

The
XRP
price
soared
15%
in
the
last
24
hours


to
trade
at
$0.81

as
of
01:27
a.m.
EST
on
trading
volume
that
surged
78%
to
$11
billion.

This
comes
as
the
US
Securities
and
Exchange
Commission
(SEC)
chair,

Gary
Gensler,
hinted
at
a
potential
departure
from
his
role
during
remarks
at
PLI’s
56th
Annual
Institute
on
Securities
Regulation.

Gensler
addressed
different
SEC
topics,
which
included
US
capital
markets,
corporate
governance,
and
disclosure
rules.

At
the
end
of
his
speech,
he
hinted
at
a
potential
resignation,
saying,
“It’s
been
a
great
honor
to
serve
with
them,
doing
the
people’s
work,
and
ensuring
that
our
capital
markets
remain
the
best
in
the
world.”

On
the
topic
of
crypto,
Gensler
emphasized
that
Bitcoin
is
not
a
security.
“Not
every
asset
is
a
security,”
he
said.
“Former
Chairman
Clayton
and
I
have
both
said
that
Bitcoin
is
not
a
security,
and
the
Commission
has
never
treated
Bitcoin
as
a
security.”

XRP
Price
Aims
For
A
Continued
Surge

The
XRPUSD
chart
analysis
shows
a
strong
bullish
trend,
with
the
XRP
price
experiencing
a
significant
upward
price
movement
over
the
past
few
days.
This
rally
has
brought
the
price
well
above
previous
resistance
levels
and
is
accompanied
by
high
trading
volume,
indicating
strong
buying
interest.

According
to
data
from


GeckoTerminal,
the
$0.50
support
allowed
the
price
of
XRP
to
soar
through
a
parabolic
rise.

XRP
now
trades
well
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
which
suggests
that
the
asset
is
in
a
sustained
bullish
rally.

Moreover,
the
Relative
Strength
Index
(RSI)
is
currently
at
87,
a
value
that
indicates
that
XRP
is
in
overbought
territory.
While
this
high
RSI
confirms
strong
buying
pressure,
it
also
suggests
that
a
pullback
or
consolidation
could
occur
soon,
as
prices
rarely
sustain
an
extremely
overbought
condition
without
a
pause
or
retracement.

The
Moving
Average
Convergence
Divergence
(MACD)
line
(blue)
is
well
above
the
signal
line
(orange)
and
both
are
above
the
zero
line,
which
is
a
bullish
sign.
The
recent
widening
of
the
MACD
and
signal
lines,
along
with
increasing
green
histogram
bars,
indicates
strong
positive
momentum.

However,
the
large
gap
between
the
MACD
and
the
signal
line
suggests
that
the
price
could
be
reaching
an
overextended
level.

XRP
Price
Prediction

According
to
the
XRP
price
analysis
on
the
1-day
time
frame,
XRP
is
currently
on
a
sustained
bullish
trend.
Major
indicators,
including
the
MACD
and
RSI,
show
that
this
trend
may
continue.
If
this
trend
persists,
XRP
might
eye
the
$1.0
level
in
the
short
term.

However,
the
RSI
shows
that
the
asset
is
now
overextended
and
overvalued.
If
the
bears
interpret
this
as
a
sell
signal,
XRP
could
plunge
back
to
the
$0.55,
within
the
50-day
SMA. 

As
the
XRP
price
soars,
investors
looking
for
new
opportunities
might
want
to
consider
a
new
meme
coin
ICO
called


Flockerz
(FLOCK).

It
has
raised
over
$1.85
million
in
its
presale
and
offers
a
stratospheric
annual
percentage
yield
(APY)
of
1,048%.

According
to
ClayBro,
a
prominent
crypto
analyst
on
YouTube
with
over
131K
subscribers,
FLOCK
is
poised
to
achieve
massive
gains
after
its
launch. 

Flockerz
Raises
Over
$1.85
Million
In
Blockbuster
Presale

Flockerz

is
a
community-controlled
meme
coin
powered
by
its
unique
Vote-to-Earn
(V2E)
incentive
mechanism.
Holders
of
FLOCK
can
earn
additional
tokens
by
participating
in
key
decision-making
processes
that
shape
the
project’s
future.

The
underlying
framework
of
Flockerz
is
anchored
in
a
decentralized
autonomous
organization
(DAO)
called
Flocktopia,
where
every
holder’s
voice
matters.
In
this
way,
FLOCK
holders
have
a
say
in
critical
decisions
such
as
protocol
changes,
budget
allocations,
adjustments
to
tokenomics,
grant
approvals,
investment
strategies,
etc.

To
participate
in
the
voting
process,
users
must

buy
FLOCK
tokens.
The
greater
the
number
of
tokens
an
investors
owns,
the
more
influence
they
have
in
voting.
When
a
new
suggestion
is
comes,
members
of
The
Flock
vote.

The
flock
is
flying
high!
We’ve
officially
crossed
$300K!

pic.twitter.com/MsLc5PeoyX

—
Flockerz
(@FlockerzToken)

September
28,
2024

Investors
interested
in
joining
the
presale
can
visit
the
official
Flockerz
website
to
buy
FLOCK
tokens at
the
current
price
of
$0.0060289
per
token
using
BNB,
ETH,
or
USDT.
You
can
also
make
a
purchase
using
your
bank
card. 

Buy
FLOCK
before
a
price
hike
in
two
days
to
secure
the
best
deal.

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