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Today is another gigantic day for Ripple, along with a deadline for the Securities and Exchange Commission (SEC). The SEC is scheduled to present a preliminary brief today regarding the appeal in its lawsuit against Ripple.
If the SEC simply meets the deadline, this could be Gary Gensler’s last move as SEC chairman. He will announce his resignation on January 20. Next Monday, Paul Atkins will replace the president. This is the same day that Trump came to power in the US. But what does this mean for Ripple and XRP?
Ripple vs SEC News: Gensler Makes Last Move Before January 20th
Ripple is not very enthusiastic about Gary Gensler’s move and is looking forward to working with the modern administration. Stuart Alderoty, Ripple’s chief legal officer, asked the SEC to delay his opening briefing. For now, the SEC doesn’t want to do that.
Despite this minor setback, Alderoty says Ripple is still very confident in its appeal. Brad Garlinghouse, Ripple’s CEO, was also not surprised that the SEC denied the delay. According to him, this is typically something Gensler would do.
The U.S. regulator filed an appeal in October 2024 in the ongoing Ripple vs. SEC lawsuit.
🚨RIPPLE VS. SEC NEWS:
THE PARTIES HAVE CONCLUDED AN AGREEMENT TO SUBMIT AN ANNEX TO THE DEFERRED APPEALS WITHIN 21 DAYS OF NOTICE OF THE BREXIT ISSUE TO THE APPELLANT. 📑
SEC OPENING ANNOUNCEMENT MUST BE FILED BY TOMORROW! ⚖️ #XRP
Loan: @FilanLaw pic.twitter.com/p4CuTtE9SP
— 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) January 14, 2025
Gensler will be replaced on January 20 by Paul Atkins, a former SEC commissioner who favors a balanced approach. From this point, it is possible that Ripple and the SEC will be able to reach an agreement more quickly, with the lawsuit likely ending in the first quarter.
Gensler is known for his fierce actions against cryptocurrency companies and exchanges, obviously to protect investors. Atkins will likely go less far in this regard. In this way, it can protect investors while ensuring progress in the industry.
Ripple Price Forecast – What Will XRP Do?
Regardless of the outcome of the trial, Gary Gensler’s firing is inevitable. This may also be reflected in the price of XRP, which has crossed $2.80 again today. The altcoin is testing the $2.90 level, setting a modern high since 2017, but still faces major resistance.
If XRP breaks above $2.90 this week, it could rise further to an all-time high of $3.84. Apart from possible psychological resistance around $3, there are no clear resistance levels between $3 and $3.84.
Currently, the price of XRP is $2.82 after an impressive raise of 9.4% in the last 24 hours and 21% in the last 7 days.
XRP is receiving additional support from the 30-day moving average (yellow) at $2.34 and then $2.58, which was resistance earlier in the week. Finally, possible support is also forming around $2.75, which will enable a rally above $2.90 in the coming week.
The bullish momentum indicated by the Relative Strength Index (RSI) of 68 is paving the way for a surge following the firing of Gary Gensler. It is possible that the price will sporadically rise to a modern record high above $4 next week. In this case, that would mean an raise of 41%.
The return of the cryptocurrency hype – which altcoins can benefit from it?
Altcoins like XRP and Cardano, as well as several others of the top 50 cryptocurrencies, have surged significantly today. We saw the same thing in November, when the crypto buzz returned after Trump’s election victory. If this hype intensifies again, it will be positive not only for XRP but also for smaller altcoins.
However, many altcoins are currently still undervalued compared to how high they could rise in the modern cryptocurrency rally. In this article, we take a look at 3 modern cryptocurrencies that are still available at a fixed, low pre-order price and could explode in the first quarter of 2025.
Invitation from Wall Street ($WEPE)
Discover the power of community with Wall Street Pepe ($WEPE), where compact investors have the chance to beat the gigantic whales and market makers. The $WEPE pre-sale was met with great enthusiasm and raised over $48.5 million. $WEPE is still on sale at a low price and offers additional benefits.
$WEPE holders gain access to an exclusive community of traders. Everyone in this community receives elite trading signals that can support you make even more money in the bull run. Of course, it is also possible to convert $WEPE into profit if its value increases.
Grinding. Arrangement. Focused on greenery. 🐸 ⚔️ pic.twitter.com/W0MbgCIoaL
— Pepe of Wall Street (@WEPEToken) January 14, 2025
The final stage of pre-sale is approaching, so you can still buy $WEPE for $0.00036648 each. You then have less than 2 days before the price increases. Early investors have the opportunity to temporarily stake their tokens at a 26% APR so you can claim additional tokens after the pre-sale.
Now to Wall Street Pepe
Best Wallet Token ($BEST)
Best Wallet is a cryptocurrency wallet that you cannot miss in the bull run. In addition to a cryptocurrency wallet, this ecosystem offers many ways to earn extra money. With the emerging Best Wallet ($BEST) token, you can take full advantage of this ecosystem and benefit from exclusive benefits.
For example, as a $BEST holder, you will receive a discount on many in-app services. This provides early access to modern pre-sales and projects, additional benefits with partners and bonus staking rewards. $BEST is available for pre-order. However, it is also possible to win tokens through airdrop campaigns.
Join the best wallet drop! 🎁
With Best Wallet, earning rewards is uncomplicated. Complete daily tasks, discover modern tasks and keep track of your own BEST $ the stack grows.
No waiting, no hassle – just rewards! 💪
Join now 📲 https://t.co/he5kzra7TY pic.twitter.com/bYclu9TpxR
— Best Wallet (@BestWalletHQ) January 14, 2025
Early traders can buy $BEST today for $0.0236 each, but this price will raise within 24 hours. As early investors, you currently enjoy 261% APY when you stake your tokens immediately.
Best Wallet is now available for pre-sale
Pepe’s Mind ($MIND)
A brand modern pre-sale started this week, and yet Mind of Pepe ($MIND) has already raised around $1 million. The modern AI project is attracting great interest. This is a great opportunity to join early and buy $MIND at a low price.
Mind of Pepe is an AI agent that collects and summarizes social media information for $MIND holders. AI may eventually release its own tokens, and you know that as a $MIND holder, you’ll be one of the first to hear about it. Mind of Pepe invites you on a bizarre AI adventure where you can earn a lot of money.
Today, $MIND is still trading at a low price of $0.0031134 per unit. This number will raise at the end of the week. Investors today benefit from an attractive strike APR of almost 1,800%. Join the group of early investors to maximize your profit when the value of $MIND explodes after launch.
Now think about Pepe