Ripple CEO Brad Garlinghouse has been shortlisted for the U.S. Crypto Advisory Council. This news comes as the crypto market experiences a slight pullback, with XRP trading at around $0.617, down by 0.63% in the last 24 hours. Bitcoin has also retreated slightly from its $95,700 resistance level. However, the supply of Bitcoin on exchanges continues to decrease, which could lead to a supply shortage if demand remains strong. Analysts believe that this could potentially drive prices higher.
This week is significant for the broader financial market, as approximately 40% of S&P 500 companies will be reporting their earnings. Major companies like Meta, Microsoft, Amazon, and Apple will release their results, and these earnings calls could potentially influence U.S. government policies, especially if concerns about economic challenges such as tariffs are expressed.
XRP has faced pressure since reaching its peak in January, partly due to macro factors and regulatory uncertainty. However, recent on-chain data shows a significant movement of over 838 million XRP within 24 hours, indicating strong network activity. Although this does not necessarily guarantee immediate price gains, it is a positive sign.
In a recent interview with Bloomberg, Ripple CEO Brad Garlinghouse indirectly hinted at XRP’s potential to rival Bitcoin’s price in the future. He discussed XRP’s role in solving trillion-dollar financial problems and emphasized Ripple’s close collaboration with banks and regulators, even in uncertain environments.
Garlinghouse’s comments suggest that by working with the financial system instead of against it, XRP has the potential to scale globally. He believes that XRP has the utility, partnerships, and long-term vision necessary to eventually match Bitcoin’s value. This indicates his confidence in the future prospects of XRP.
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