A model and XRP holder publicly defended XRP, expressing frustration towards the SEC for allegedly suppressing its price. The announcement of Gary Gensler's resignation as SEC Chairman sparked excitement among the cryptocurrency community, particularly among XRP holders.

The news led to a significant increase in XRP's price, which climbed to $1.51, marking its highest value since May 2021. This price surge highlights the cryptocurrency's potential when regulatory hurdles are perceived to lessen.

The model's comments reflect broader sentiments within the crypto community that regulatory decisions have a considerable impact on digital asset prices, and transparent, fair regulations are essential for market stability.