XRP price to $5? Brad Garlinghouse Highlights Bold Vision for XRP’s Global Dominance

There is expectation within the Ripple community that the intrinsic value of its native token could propel XRP to transform into an asset with global demand and reach the much-coveted value of US$5. In the same sense, by strengthening the views of community members, Ripple CEO Brad Garlinghouse recently shared a remarkable revelation.

Garlinghouse recently published an image that contains the phrase: “laugh now, but one day XRP will power the world!”. Ripple’s CEO explained that the painting hangs on the wall of his home. When explaining why he shared the image on his official X account, Garlinghouse highlighted current market conditions.

“For some reason, I’ve been hanging on to this one for a while. Probably my all-time favorite from the XRP community. It’s hanging on the wall in my house… but with all this market momentum, I wanted to share it!!

For whatever reasons, I’ve been hanging on to this one for a while…

Prob my all time favorite from the XRP community. It’s been hanging on a wall in my house… but with all this momentum in the market, I wanted to share it!! pic.twitter.com/L7c861JEJZ

— Brad Garlinghouse (@bgarlinghouse) May 24, 2024

Like many other members of the cryptocurrency community, the Ripple CEO demonstrated his optimism regarding recent developments in the industry. Garlinghouse expressed his excitement over the recent approval of spot Ethereum exchange-traded funds (ETFs).

“Big boost in crypto this week – ETH ETF approved and bipartisan support for crypto legislation… Looks like hell has frozen over!!”, he highlighted.

At the time of publication, the price of XRP was quoted at US$0.5369 with an increase of 1.1% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$734,354,586.

XRP Volume Soars 108% Amid Market Selloff

In a development that surprised the market, the cryptocurrency XRP experienced a rise of more than 100% in its trading volume amid a $400 million sell-off in the cryptocurrency market. Recently, XRP trading volume recorded a 108% growth compared to the previous day.

The surprising increase happened at a time when several news and developments are emerging. On May 23, the US Securities and Exchange Commission (SEC) approved eight spot Ethereum-based exchange-traded funds (ETFs). Furthermore, one of the main cryptocurrency exchanges, Coinbase, announced on the same day the reopening of XRP trading in New York, infecting the community of Ripple’s native token.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.