Ripple CEO Brad Garlinghouse just dropped a bombshell, revealing major milestones that could send XRP skyrocketing! From record-breaking XRP ETF filings to a booming decentralized exchange and a surging stablecoin, XRP’s Q4 2024 was one for the history books.
But here’s the kicker: top experts are predicting a $4 target for the digital asset. What does this mean for XRP’s future? Can it continue this unstoppable rise or is there more in store?
Stick around, because things are about to get exciting for XRP!
A Quarter to Remember
Garlinghouse called the last quarter of 2024 “one for the XRP history books.” One of the key highlights was the filing of five XRP ETF applications by major financial firms in the U.S. This year, four more companies have followed suit, showing increasing confidence in XRP’s potential.
Another significant achievement was the launch of Ripple’s USD-backed stablecoin, RLUSD, in December. The stablecoin has already crossed the $100 million market capitalization mark, proving its growing adoption.
Additionally, Ripple’s decentralized exchange (XRPL DEX) recorded an on-chain trading volume of $1 billion in Q4, showcasing the growing activity within its ecosystem.
XRP Price Surge: 280% Growth in 2024
XRP’s price surged by an impressive 280% in late 2024, driven by demand from major exchanges like Binance, Upbit Korea, and Coinbase. Despite a slight dip, with XRP trading at $3—a 1% decrease—experts remain optimistic about its potential.
Market analyst Dark Defender has set a short-term target for XRP, stressing the importance of maintaining the $3.07 support level for continued growth.
As per Coinpedia’s report, veteran trader Peter Brandt has spotted a bullish pattern in XRP’s price chart. If the pattern plays out as predicted, XRP could skyrocket to as high as $4.8.
Leadership Changes at the SEC: Good for XRP?
The report also discussed the resignation of SEC Chairman Gary Gensler, who returned to MIT as a lecturer. Gensler’s time at the SEC was controversial, with critics saying his policies created confusion in the crypto world.
His exit could lead to a more favorable regulatory environment for Ripple. Acting SEC Chairman Uyeda has hinted at a more balanced approach to crypto regulation, which could benefit both Ripple and the broader crypto industry.
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With rising institutional interest and strong momentum, XRP may continue to hit new milestones.
