Does the price of XRP increase under the new SEC chair Paul Atkins?

XRP in the spotlight again with Paul Atkins, a well -known encryption character, to become the new president of the US Securities and Stock Exchange (SEC).

With his appointment, the encryption community is Abuzz, especially the XRP investors who were waiting for the patience of organizational guidance.

Paul Atkins: SEC is a friend of encryption

Paul Atkins last time the commissioner’s office between 2002 and 2008. However, now with a largely changed environment, He will return as presidentAfter he was nominated by former President Donald Trump and confirmed by the Senate.

Compared to his predecessor, Gary Ginsner, who followed a meaningless approach against encryption companies, Atkins is generally considered more suitable for industry.

What supports this claim is his investment interest in encryption. Financial reports indicate that ATKINS has invested up to $ 6 million in encryption companies such as Anchorage Digital and Sureitize, which specializes in digital assets and Blockchain. This is a strong indication that he has knowledge of the region and does not oppose its progress.

What does this mean to XRP

XRP fought A legal battle with the Supreme Education Council For years. The central debate was whether XRP should be organized as security. Under the leadership of Gary Ginsner, SEC Ripple Labs, XRP developer, continued strongly. But with Paul Atkins now running the show, many expect the tables to turn.

A second, like a second, can relax on organizational recycling and may lead to a positive settlement. This in itself can raise the shade on XRP and enable the price of the distinctive symbol for trade freely.

XRP ETFS and the new investor interest

Another exciting development is looking at more than one 72 ETF Crypto-Index applications In the new leadership of the second. These range from XRP, Solan (Sol), and Litecoin (LTC) ETF. If approved, this may lead to huge capitals to XRP. JPMorgan analysts also expect ETFS to bring XRP to bring more than $ 8 billion in the first year.

This type of institutional focus can eventually give XRP momentum requires out of its side range and start a continuous gathering.

XRP Makers and Technical Signs

To date, the XRP price has risen to about $ 2.22, with the support of a group of technical and positive feelings. Analysts, such as Ali Martinez, refer to the upper direction that is referred to as a reverse head and shoulders on both the graphs for the hour and 4 hours. Such a trend usually indicates that the penetration is imminent.