There is anticipation among the Ripple community that the inherent value of its native token could propel XRP to become a globally demanded asset and reach the highly coveted value of US$5. In a similar vein, Ripple’s CEO, Brad Garlinghouse, recently shared an intriguing revelation that strengthens the beliefs of community members.
Garlinghouse recently unveiled an image that features the phrase: “Laugh now, but one day XRP will power the world!” He explained that this artwork hangs on the wall of his home. When asked why he shared the image on his official X account, Garlinghouse emphasized the current market conditions.
“I’ve been holding onto this one for quite some time, for some reason. Probably my all-time favorite from the XRP community. It’s proudly displayed on the wall in my house… but with all the momentum in the market, I wanted to share it!”
Like many other members of the cryptocurrency community, Ripple’s CEO showcased his optimism regarding recent industry developments. Garlinghouse expressed his excitement over the recent approval of Ethereum-based exchange-traded funds (ETFs).
“We’ve seen a significant boost in the crypto world this week – the approval of ETH ETFs and bipartisan support for crypto legislation… It seems like hell has frozen over!”
At the time of this article’s publication, the price of XRP stood at US$0.5369, experiencing a 1.1% increase in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$734,354,586.
XRP Volume Skyrockets 108% Amidst Market Sell-Off
In a surprising turn of events, the cryptocurrency XRP witnessed a more than 100% surge in its trading volume amidst a $400 million sell-off in the cryptocurrency market.
Recently, XRP’s trading volume experienced a remarkable 108% growth compared to the previous day.
This unexpected increase occurred during a time when numerous news and developments were emerging. On May 23, the U.S. Securities and Exchange Commission (SEC) approved eight Ethereum-based spot exchange-traded funds (ETFs). Additionally, Coinbase, one of the leading cryptocurrency exchanges, announced the reopening of XRP trading in New York on the same day, which greatly impacted the Ripple community and its 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 the risk of financial loss.
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