There is a sense of anticipation within the Ripple community that XRP, its native token, could gain global demand and reach the coveted value of US$5. Ripple’s CEO, Brad Garlinghouse, recently shared an intriguing revelation that further reinforces this belief.
Garlinghouse recently posted an image on his official X account that featured the phrase: “Laugh now, but one day XRP will power the world!” He explained that this painting hangs on the wall of his home and expressed his reasons for sharing it, citing the current market conditions.
“I’ve been holding onto this one for a while, for some reason. 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!”
Like many others in the cryptocurrency community, Garlinghouse showcased his optimism towards recent industry developments. He expressed excitement over the approval of spot Ethereum exchange-traded funds (ETFs) and the bipartisan support for crypto legislation.
“There’s been a big boost in crypto this week – ETH ETFs approved and bipartisan support for crypto legislation… Looks like hell has frozen over!”
At the time of writing, XRP was trading at US$0.5369, experiencing a 1.1% increase in the last 24 hours. The cryptocurrency also recorded a trading volume of US$734,354,586 during this period.
XRP Volume Surges 108% Amidst Market Sell-Off
In a surprising turn of events, XRP witnessed a significant surge in trading volume, exceeding 100%, amidst a $400 million sell-off in the cryptocurrency market.
Recently, XRP’s trading volume witnessed a remarkable 108% growth compared to the previous day.
This unexpected increase occurred alongside various news and developments. On May 23, the U.S. Securities and Exchange Commission (SEC) approved eight spot Ethereum-based ETFs. Additionally, Coinbase, one of the leading cryptocurrency exchanges, announced the reopening of XRP trading in New York on the same day, generating excitement within the Ripple community.
Disclaimer: The views and opinions expressed in this article, as well as those of any individuals mentioned, are solely for informational purposes and do not constitute financial, investment, or other advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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