Ripple CEO Meets with Trump, XRP Price Soars

- XRP Rises 13.45% Amid News of Ripple-Trump Meeting - SEC Chairman Gensler's Possible Resignation Creates Optimism in XRP Market [Unblock Media] Recently, XRP surged by 13.45%, hitting its peak for 2024. The market exhibited a very optimistic sentiment due to the news of the lawsuit between Ripple and the SEC and the statements from a pro-crypto lawyer. The news of a meeting between Ripple and the United States President-elect Donald Trump significantly impacted the market. According to market analyst Zach Rector, Ripple CEO Brad Garlinghouse confirmed the meeting with Trump, which led to the spike in XRP. The topics discussed between Ripple's CEO and President Trump included potential regulatory easing and cooperation for the development of the cryptocurrency industry; further details on these discussions have also been disclosed. This news increased the possibility of the SEC dropping its appeal, which holds significant implications by leaving the institutional sales program ruling as a precedent. In July 2023, Judge Analisa Torres ruled that XRP's program sales did not meet the third criterion of the Howey Test. Following this ruling, XRP rose to $0.9327 but fell below $0.40 due to concerns over an SEC appeal. Pro-crypto lawyer James 'MetaLawMan' Murphy raised the possibility of SEC Chairman Gary Gensler's resignation. Murphy cited the resignation of SEC Chair Mary Jo White immediately after Trump's first presidential election victory in 2016, suggesting that Gensler might resign before the deadline for submitting appeal documents on January 15, 2025. Murphy's statements can be verified through credible sources such as CoinTelegraph. Should Gensler resign, there is a high possibility that a new SEC chairman might withdraw the appeal. Eleanor Terrett, a journalist from Fox Business, mentioned that if Gensler does not voluntarily step down, Trump might respond legally. This situation might also apply to Jerome Powell, who has already stated his intention to stay despite Trump's demands. Such legal actions could entail significant personal costs. On November 12, XRP rose by 13.45%, closing at $0.7045. The day's highest price was $0.7408, the highest level since the fake news regarding BlackRock's XRP spot ETF application. The fake news temporarily spiked the value due to misinformation spreading on social media and various cryptocurrency-related forums. Experts advise caution regarding such fake news.