Ripple’s CEO Brad Garlinghouse highlighted the strong performance of US-linked cryptocurrencies, including Ripple’s native token XRP, Solana (SOL), and Cardano (ADA). This has increased optimism in the crypto community as the XRP price recently hit a 2-year high. The impressive performance of these cryptocurrencies is attributed to a favorable court ruling for Ripple Labs, Garlinghouse, and XRP II LLC, as well as growing backlash against the US Securities and Exchange Commission’s (SEC) crypto regulatory stance.
Garlinghouse also commented on broader industry progress, mentioning Bitwise’s ETF filing that includes XRP. He said, “XRP, BTC, ETH, SOL — that’s the alphabet soup I like to see.” XRP’s price is currently at $0.9193, marking its highest level in two years. Analysts believe this is due to a breakout from a symmetrical triangle pattern, which historically signals significant price movements.
If the asset breaks through $1.00, analysts predict $1.32 as the next target. Sustained trading volumes and growing open interest will be crucial in determining whether this bullish trend can hold. Experts have set optimistic targets, forecasting $1.96 by month-end and $4.80 by late 2024 if the trend continues.
Source
<p>The post Ripple CEO Highlights XRP’s Impressive Performance and Future Prospects first appeared on CoinBuzzFeed.</p>
