XRP Price Poised to 'Pump Hard” Post-Gensler

XRP enthusiasts are closely monitoring the impact of Donald Trump's recent U.S. presidential win. Media personality Ben Armstrong, known as BitBoy, has been outspoken about how Trump's pro-crypto stance, including his promise to remove SEC Chairman Gary Gensler, could affect the price of the token.

Media personality Ben Armstrong, known as BitBoy, is keeping a close eye on the impact of Donald Trump's recent U.S. presidential win, especially in relation to how Trump's pro-crypto stance could affect the price of XRP.

With Trump now in office, speculation intensifies on how his policies might shift the regulatory landscape and influence the token's market performance. Armstrong believes that if Trump follows through on his pledge to remove SEC Chairman Gary Gensler, XRP could see a major price surge.

Ripple token holders and market commentators have blamed Gensler's SEC policies for stalling the token's potential during the 2021 bull market. The drawn-out lawsuit with the SEC, which lasted nearly three years, hindered the token's growth, keeping it from reaching new highs while other assets thrived.

Now that Trump has promised to remove Gensler from his post, XRP holders are watching with bated breath to see if the token will finally be able to reach its full potential.

Armstrong predicts that XRP could be one of the top 100 assets to rally the hardest if Gensler is indeed removed. He points to Gensler's role in limiting the token's potential and hindering the asset's 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 XRP's potential if Gensler's policies no longer weigh on it. However, not everyone agrees with Armstrong's rosy prediction.

Critics argue that the token's growth will rely on broader market trends and investor confidence, not just regulatory shifts. Erik Huisman, a crypto analyst, dismissed BitBoy's view, calling it “false hope” and cautioning followers against expecting a rapid spike solely based on Gensler's departure.

Huisman and other skeptics believe that while Trump's 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.

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