XRP Struggles Behind: 85% Surge for Solana and BNB
- BitBoy predicts a major XRP price surge if Trump removes SEC Chair Gensler, blaming Genslers policies for XRPs limited growth during past bull markets.
- Despite recent regulatory clarity, XRPs performance lags behind competitors like Solana and BNB, which saw over 85% gains this year.
- Critics argue XRPs growth depends on market fundamentals, not solely on Genslers exit, calling BitBoys prediction false hope.
XRP enthusiasts are closely monitoring the impact of Donald Trumps recent U.S. presidential win. Media personality Ben Armstrong, known as BitBoy, has been outspoken about how Trumps pro-crypto stance, including his promise to remove SEC Chairman Gary Gensler, could affect the price of the token. With Trump now in office, speculation intensifies on how his policies might shift the regulatory landscape and influence the tokens market performance.
Armstrong believes that if Trump follows through on his pledge, XRP could see a major price surge. Ripple token holders and market commentators alike have blamed Genslers SEC policies for stalling the tokens potential during the 2021 bull market. The drawn-out lawsuit with the SEC, which lasted nearly three years, hindered the tokens growth, keeping it from reaching new highs while other assets thrived.
XRP Price Poised to Pump Hard Post-Gensler
For XRP holders, Trumps possible dismissal of Gensler isnt just a political move; its a potential game-changer. Armstrong predicts that the token could be one of the top 100 assets to rally the hardest if Gensler is indeed removed. He points to Genslers role in limiting the tokens potential and hindering the assets upward trajectory during previous bull markets.
While XRP did receive regulatory clarity after settling with the SEC, its performance has still lagged behind in this bullish cycle. Solana and BNB, for instance, posted year-to-date gains exceeding 85%, while the Ripple token recorded a drop of nearly 10%. Armstrong and his supporters argue that the market might finally recognize XRPs potential if Genslers policies no longer weigh on it.
Despite Armstrongs prediction, not everyone agrees that Genslers dismissal would automatically lead to a significant Ripple rally. Critics argue that the tokens growth will rely on broader market trends and investor confidence, not just regulatory shifts. Erik Huisman, a crypto analyst, dismissed BitBoys view, calling it false hope and cautioning followers against expecting a rapid spike solely based on Genslers departure.
Huisman and other skeptics believe that while Trumps actions may ease certain regulatory pressures, the core value of the token will be determined by actual market performance and utility, not just by the exit of a single regulatory figure.
Moreover, some analysts speculate that Gensler might step down voluntarily to avoid the prospect of being dismissed. This would still remove a perceived barrier for XRP but might not carry the same pumping effect BitBoy anticipates.
As the crypto market reacts to Trumps win, XRP holders remain divided. For some, the potential of regulatory relief under Trump offers a new dawn; for others, its simply another chapter in a volatile market. The coming months will reveal whether Trumps promises translate into gains for the token or if, as some critics suggest, the hype will fizzle out.
Read more: https://www.tronweekly.com/xrp-struggles-behind-85-surge-solana-and-bnb/
Text source: TronWeekly
