Is XRP The Best Bet of 2025 With Gensler Almost Gone?

XRP (XRP) has been one of the worst-performing cryptocurrencies so far in 2024, down almost 15% year-to-date compared to its profit-generating top rivals like Bitcoin (BTC) and Ethereum (ETH).

In 2025, the sentiment toward XRP will likely change.

Trump Will Fire Anti-Crypto SEC Chief

XRP’s underperformance in 2024 appears primarily due to the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC).

In fact, the cryptocurrency is among the only top tokens that have not retested its all-time high from the 2015-2017 bull run, with traders deeming it too risky due to Ripple’s legal battles.

As of Nov. 8, it was down 85% from the record high—around $3.50.

However, Donald Trump’s reelection as the US president may prompt a fresh XRP bull run, given he plans to replace the top SEC brass, primarily its chief Gary Gensler, with a more crypto-friendly one.

Jake Chervinsky, the chief legal officer at venture capital firm Variant Fund, believes SEC commissioner Mark Uyeda should replace Gensler. Uyeda has strongly opposed the SEC’s overreach in the crypto sector during the Gensler regime.

Very low, only because I don’t think she wants the job. I’d give decent odds to Uyeda, although I expect Trump may prefer to bring in someone new of his own.

— Jake Chervinsky (@jchervinsky) November 6, 2024

A revamped SEC leadership with a friendlier crypto stance could eventually end the ongoing SEC vs. Ripple battle. It will likely follow up with the approval of the pending XRP exchange-traded fund (ETF) applications, opening doors for institutional money.

Topping that, XRP is too underbought compared to its top-ranking rivals, which may prompt traders and investors to rotate capital from overbought assets to the Ripple token.

A $1 XRP is Very Likely in 2025

From a technical perspective, XRP is finally reaching the apex of its giant symmetrical triangle pattern, which has been active since 2017. Helped by solid fundamentals during the Trump presidency, it will likely break out of the triangle range in 2025.

The primary target for the first half of 2025 appears to be around the triangle’s upper trendline, coinciding with the 0.618 Fib line of around $0.765. A break above it will likely take the XRP price toward the 0.5 Fib line at over $1 by the end of 2025.

In other words, XRP’s price can rise by 50% in the coming months, making it one of the best crypto bets in 2025.