Ripple CEO Brad Garlinghouse attributed the recent surge in XRP prices to the growing positive expectations for crypto regulation in the United States. In an interview with FOX Business, he noted that a more balanced and positive approach to crypto regulation is gaining importance under the new administration. Garlinghouse also highlighted the significant growth in US-based cryptocurrencies in the post-election period.
CEO Garlinghouse described the post-election period as a transformative process for the cryptocurrency market. He explained that the value of XRP increased by 70% during this period and that this was due to pro-crypto policies. He described Donald Trump as the “crypto president” and praised his open stance on blockchain innovation. According to Garlinghouse, Trump’s support for entrepreneurship and innovation is a very promising development for the crypto sector.
XRP reached a two-year high of $0.9193 after being relisted by popular platforms such as Robinhood. Analysts say that this rise is supported by the symmetrical triangle formation in technical analysis and indicates a strong uptrend. XRP’s trading volume in derivatives markets increased by 13% to $1.5 billion. In particular, large transactions of 60 million XRP were transferred between unknown wallets, indicating that large investors are interested in this asset. In addition, XRP’s daily trading volume increased by 25% in the last 24 hours to $11.7 billion. This reveals that institutional investors are showing increasing interest in XRP.
Brad Garlinghouse noted that regulatory uncertainty around XRP is gradually diminishing, and expressed his satisfaction with seeing the positive impact of ongoing litigation with the SEC and other regulatory developments. The positive impact of these developments on XRP’s performance could increase further as regulatory clarity is provided.
XRP is currently trading at around $0.89, with a market cap of around $50.80 billion. This rally is supported by increasing institutional interest and positive signals from regulators. XRP’s future performance is likely to continue to be shaped by positive market developments and regulatory clarity.