The CEO of Ripple, Brad Garlinghouse, has just dropped a bomb, revealing major milestones that could survive XRP! From Records XRP ETF to a booming decentralized exchange and a arrow stable, the T4 2024 of XRP was one for history books. Now, with the best experts predicting a target of $ 4, the big question is – maybe XRP holds hard and explodes even more?
The Ripple district to remember
Garlinghouse called the last quarter of 2024 “one for XRP history books”. One of the main protruding facts was the deposit of five ETF XRP applications by major financial companies in the United States this year, four other companies have followed suit, showing increasing confidence in the potential of XRP.
Another significant achievement was the launch of the Stablecoin of Rlusd, supported by the USD of Ripple, in December. The Stablecoin has already crossed the market capitalization mark of $ 100 million, proving its growing adoption.
In addition, the decentralized Ripple scholarship (XRPL DEX) recorded a chain negotiation volume of $ 1 billion in the fourth quarter, presenting the growing activity within its ecosystem.
XRP box at $ 4
Ripple’s quarterly report also highlighted a remarkable price increase of 280% XRP at the end of 2024. This wave was motivated by high demand for higher exchanges like Binance, Upbit Korea and Coinbase. Despite a recent decrease, with XRP merchant at $ 3 and a drop of 1%, experts remain optimistic.
Market analyst Dark Defender has set a short -term objective for XRP, stressing the importance of maintaining the level of support 3.07.
According to Coinpedia’s report, the veteran trader Peter Brandt spotted a bull model in the XRP prices table. If the model takes place as expected, XRP could soar up to $ 4.8.
The changing position of the dry
The report also spoke of the resignation of the President of the SEC, Gary Gensler, who returned to MIT as a teacher. Gensler’s mandate was marked by controversy, criticism arguing that its policies have created confusion in cryptographic space.
Its replacement, the acting president, Uyeda, alluded to a more balanced approach, which could benefit Ripple and the broader cryptography industry.
With a strong momentum and an increasing institutional interest, the future of XRP seems promising.
