Ripple 
$1 CEO Brad Garlinghouse attributed the recent rise in XRP price to growing optimism about clarifying regulatory uncertainties in the US. In a conversation with FOX Business, he emphasized the importance of a more balanced approach to crypto regulations under the new administration. Garlinghouse stated that US-linked cryptocurrencies have experienced significant growth since election day.
The Impact of Executive Term Change on the Crypto Industry
Garlinghouse described the post-election environment as a transformative period in the cryptocurrency industry and said that the 70% increase in the value of XRP was thanks to pro-crypto policies. Calling presidential candidate Donald Trump the “head of crypto,” the CEO talked about his openness to blockchain innovation and entrepreneurship.
“The crypto industry embraced Trump, and Trump embraced the crypto industry. “I think it’s very genuine and he sees the opportunity, the innovation, the entrepreneurship, and I’m very excited to see what the future holds.” – Brad Garlinghouse
Rise of XRP Price and Analyst Opinions
XRP reached a two-year high of $0.9193, thanks to market optimism and major developments such as Robinhood relisting the token. Analysts state that this increase indicates strong upward momentum with the exit from the symmetrical triangle formation.
Major Investor Activity and Corporate Interest
The trading gap in the derivatives market for XRP increased by 13% to $1.5 billion. This increase is attributed to major investor activity, such as the transfer of 60 million XRP from one unknown wallet to another. Additionally, trading volume increased by 25% in the last 24 hours to $11.70 billion.
Garlinghouse expressed satisfaction with the changing regulatory environment, with lawsuits filed against the SEC and corporate involvement by 18 states. During this period, XRP is expected to perform in a more favorable regulatory environment.
At last press, XRP was traded at $0.89 and had a market cap of $50.80 billion. This increase was driven by a combination of corporate interest and regulatory expectations.
Ripple CEO’s statements give positive signals for the future performance of XRP. Ensuring regulatory clarity can contribute to price stability by increasing investor confidence. Additionally, large investor transactions and increasing trading volume support market activity.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
