In a surprising twist, Brad Garlinghouse, CEO of Ripple, shared insights on the recent surge in cryptocurrency prices, particularly $XRP . During a live interview on Fox Business, Garlinghouse connected the rise of $XRP , which has increased by over 70%, to the outcome of the U.S. elections.
Key Takeaways from Garlinghouseâs Remarks:
1. Election Influence on Cryptos:
Garlinghouse noted that U.S.-based cryptocurrencies and technologies have been the best performers.
He accused the SEC of previously suppressing American crypto companies, adding, "Now that this pressure is gone, they are exploding upwards."
2. Support for Trump as a âCrypto Presidentâ:
Garlinghouse hinted at Donald Trumpâs election being a turning point for the crypto industry.
He stated, "The crypto industry has embraced Trump, and Trump has embraced the crypto industry. Awareness of opportunity and innovation is rising."
Did Garlinghouse Meet Trump?
Speculation skyrocketed when XRPâs price jumped by over 10% following a liked tweet suggesting a meeting between Garlinghouse and Trump. When asked about this rumor, the Ripple CEO remained tight-lipped, saying, "I can't comment too much on the details."
However, Garlinghouseâs cryptic remark, "We finally have a crypto president," has fueled excitement in the crypto community, sparking anticipation of a crypto-friendly era under Trumpâs leadership.
$XRP Soars by 27.27%! đ
Current Price: 1.104 (+27.27%)
This rally highlights growing optimism in Ripple and other U.S.-based blockchain projects as regulatory uncertainty subsides.
Next Market Moves:
The crypto industry is abuzz with optimism, and XRP's recent performance might just be the beginning of a broader market breakout. Traders are now looking to Bitcoinâs $93K milestone as the next major indicator.
Stay tuned for more updates on #XRPUSDT and the evolving crypto landscape!