XRP - $5.89, $58.90, or $589?

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#XRP - The future does not always follow the past, or does it?

After we (the 5%) had LIFE CHANGING 4x-33x calls first half of the cycle

$XRP may be next after years of being patient!2week close is this weekend!

Retweet/Like for update next week!Will post XRP/USD this weekend!

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Ripple CEO Calls Gensler "Luddite of His Time"

Ripple CEO Brad Garlinghouse has once again lambasted U.S. Securities and Exchange Commission Chair Gary Gensler, calling him "the Luddite of his time.

Garlinghouse compared the SEC boss to the members of a popular anti-industry movement that emerged in the early 19th century. Its members were fighting against various types of machinery in Yorkshire and Lancashire.

They argued that machines were being used in order to unfairly reduce wages. The Luddites would go to extreme lengths to oppose industrialization, resorting to machine braking and aggression.

The term continues to be used in various discourses to refer to people who oppose innovation. "Neo-Luddism," a modern version of the term, is a movement of people who show resistance to modern technologies.
Genser, despite teaching about blockchain at MIT, has faced severe criticism for attempting to stifle innovation with his aggressive anti-crypto policies.

The Ripple boss repeatedly stressed that the US could fall behind other countries when it comes to cryptocurrency advancements.

Last month, Garlinghouse also took Gensler to task for failing to prevent the FTX fiasco in response to the latter's comment about crypto executives either ending up behind bars or awaiting extradition.
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$BTC $ETH $BNB

#RippleUpdateV #RippleEscrow Ripple CTO David Schwartz Clarifies Dynamics Between Ripple Shares and XRP

As Ripple explores plans for an initial public offering (IPO), Chief Technology Officer David Schwartz recently addressed questions from the XRP community about the relationship between Ripple shares and XRP. Schwartz highlighted the significant liquidity difference between XRP and privately held company stocks, emphasizing XRP's superior liquidity.

The conversation delved into the complexities of stock ownership, with community members speculating on Schwartz's potential motives and considerations. Schwartz shared his discomfort with the risk associated with his current stock holdings and mentioned potential future actions to manage this risk, including selling Ripple stock to buy more due to expiring options and significant tax considerations.

Ripple's IPO plans are currently on hold pending resolution of the ongoing legal battle with the SEC. CEO Brad Garlinghouse expressed optimism about the appointment of a new regulator's chief and the potential for improved regulatory clarity, signaling hopes for a future IPO in the U.S. With Ripple's valuation at $11 billion and ongoing discussions with investors, the company's future trajectory remains a topic of interest.

The political campaign of pro-XRP attorney John Deaton has raised $1.2 million in public donations in the move to unseat U.S. Senator Elizabeth Warren, with contributions from the Ripple CEO and Chairman.

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Ripple has announced its new entry into the $150 billion stablecoin market, planning to launch a stablecoin on the XRP Ledger later this year.

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'Ripple Pours $25M More into Crypto Super PAC Fairshake

Ripple has made a second $25 million donation to the crypto super Political Action Committee (PAC) Fairshake, adding to the $25 million it contributed last year. This funding, along with contributions from other crypto companies and leaders, aims to promote policies favorable to financial innovation in the U.S.

The Fairshake PAC is focused on supporting pro-crypto and pro-innovation political candidates in the 2024 elections. The PAC and its partners have amassed over $102 million for the election cycle, with significant contributions from key industry figures and companies like Coinbase, Andreessen Horowitz, and the Winklevoss twins.

Ripple has criticized the SEC’s current approach to regulating cryptocurrencies, which relies on enforcing existing laws rather than creating new ones. The company argues that this method hinders innovation and that the U.S. needs to better embrace crypto and blockchain technologies. Despite some progress in Congress towards comprehensive legislation, Ripple and other industry leaders demand broader regulatory solutions to ensure American innovation, competitiveness, and growth.

Ripple's CEO, Brad Garlinghouse, emphasized the importance of the 2024 elections for the crypto industry, noting the critical choice between candidates who support crypto progress and those who do not. He stated that the industry will continue to invest heavily in advocacy until significant regulatory changes are achieved.

Recently, a bill favorable to the cryptocurrency sector was approved by the U.S. House of Representatives. This bill aims to shift cryptocurrency regulation to a more industry-friendly government agency, among other supportive measures.

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💥 NewsBTC: $XRP Price Could Rise To As High As $0.78

Egrag mentioned in an X post that the next price target for XRP is between $0.702 and $0.786. However, the crypto analyst failed to give a timeline for when this price breakout could happen. He also raised the possibility of a short-term move to the downside but quickly added that it has no impact on XRP’s long-term trajectory. 

Regarding XRP’s long-term target, the accompanying chart that Egrag shared showed that XRP could still rise to $7.5 at some point. The crypto analyst labeled this price level as a “critical target level,” possibly in relation to higher price targets that Egrag believes XRP can attain before this bull run ends. The crypto analyst has, at different times, predicted that XRP could rise to as high as $27 at the peak of this market cycle. 

The $27 price prediction no doubt seems ambitious, and XRP holders are more likely to set their focus on Egrag’s more conservative prediction of $5. The crypto analyst recently boldly claimed that XRP is “guaranteed” to see as much as a 1000% gain on its way to a new all-time high of $5.5.

Egrag further mentioned that the crypto token will begin to experience its rise to the $5 price range between this month and July. Interestingly, Egrag boldly asserted in January that XRP would reach $5 in the next 90 days, meaning that the crypto token is meant to attain this price level sometime this month. 
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Mastercard has recognized crypto-based payment giant Ripple among the leading entities shaping payment solutions in Latin America.

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