XRP Surges Past $1 Amid Controversy Over Garlinghouse-Trump Meeting
- Ripple CEO Brd Garlinghouse fcs scrutiny ovr unconfirmd mting rumors with Prsidnt-lct Trump, sprking dbt.
- XRP surgs pst $1, dding $20 billion to its mrkt cp, with prdictions of furthr growth.
- Whl ctivity nd ETF filings from 21Shrs nd othrs bolstr XRPs bullish outlook nd institutionl intrst.
Ripple Lbs nd its CEO, Brd Garlinghouse, hv com undr fir following unconfirmd rumors of rcnt mting btwn Garlinghouse nd Prsidnt-lct Donld Trump, clim h hs nithr confirmd nor dnid. Ths rumors, widly circultd on socil mdi, hv ignitd intns dbt mong industry ldrs nd obsrvrs.
Th formr CEO of Mssri, Ryn Slkis, voicd shrp criticism, stting, Brd Garlinghouse is shilling XRP nd CBDC implmnttions. Pirr Rochrd, vic prsidnt of rsrch t Riot Pltforms, chod this sntimnt, sying, W cnt lt Ripple co-opt th Unitd Stts policymking procss with thir nti-bitcoin gnd. Rochrd lso xprssd hops tht Trump would prioritiz Bitcoin dvocts in his dministrtion.
Amid ths controvrsis, XRPs mrkt prformnc hs drwn significnt ttntion. Ripples ntiv tokn surgd pst th $1 mrk on Novmbr 16, hitting $1.23, milston not sn sinc Dcmbr 2021. This rlly hs ddd $20 billion to its mrkt cp, now stnding t $65 billion, with prdictions pointing to vn grtr hights.
Ripple CEO: Crypto Industry Has Embraced Trump
During rcnt pprnc on Fox Businss, Grlinghous shrd optimism bout th Trump dministrtions potntil impct on th cryptocurrncy sctor. H sttd, Th crypto industry hs mbrcd Trump; Trump hs mbrcd th crypto industry. I think its vry gnuin, nd I think h ss th opportunity, h ss innovtion, h ss ntrprnurship.
Grlinghous ttributd rcnt mrkt supprssion to th hostility of SEC Chirmn Gry Gnslr towrd U.S.-bsd crypto projcts. Trumps cmpign promis to fir Gnslr on his first dy in offic hs fuld bullish sntimnt cross th crypto mrkts, with XRP bing on of th min bnficiris.
Anlyst Egrg Crypto providd n mbitious projction, suggsting tht th cryptocurrncy could ris to $4.96 bsd on Fiboncci rtrcmnt lvls. H mphsizd th significnc of XRPs mrkt cp surpssing $60 billion, noting tht monthly cndl clos bov th Fib 0.786 lvl would vlidt potntil climb to $283.42 billion mrkt cp.
Whale Activity and ETF Filings Boost XRP Sentiment
XRPs bullish outlook hs bn furthr rinforcd by incrsing whl ctivity. Whl Alrt rportd $316 million worth of XRP trnsfrs in th pst two dys, including $90 million trnsction btwn wllts. Such movmnts suggst continud ccumultion by lrg holdrs, fctor tht historiclly signls confidnc in pric growth.
Additionlly, it my soon mk its wy into institutionl portfolios, as 21Shrs rcntly fild for n XRP ETF. Cnry Cpitl nd Bitwis hv lso fild similr pplictions, signling growing institutionl intrst in XRP.
With ths dvlopmnts, th cryptocurrncys rsurgnc pprs wll-supportd by both mrkt dynmics nd th volving rgultory lndscp. Whthr th Trump mting rumors hold tru or not, Ripples trjctory rmins firmly in th spotlight.
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Read more: https://www.tronweekly.com/xrp-hits-1-amid-garlinghouse-trump-controversy/
Text source: TronWeekly
