Ripple CEO Brad Garlinghouse made a striking prediction in an interview with FOX Business. According to him, the American cryptomarkt is on the eve of an enormous increase in value.
He expects the entire sector to grow with billions of dollars in the coming year. According to Garlinghouse, the price of XRP will also benefit considerably from this development.
This statement follows shortly after Ripple successfully completed the long -term lawsuit with the American Securities and Exchange Commission (SEC).
‘Gigantic opportunity’ after the end of the lawsuit
Garlinghouse indicated that Ripple finally has the room to fully focus on the American market after years of legal battle and $ 150 million in lawyers.
“It’s a huge opportunity,” Thus the CEO to FOX Business.
With the legal concerns behind him, Ripple now wants to focus on challenging and possibly replacing the international payment system Swift.
XRP can grow explosively
Swift is currently facilitating an international payment market worth billion dollars. Now that the Trump government is back in power, Garlinghouse expects less resistance from SEC. As a result, he sees opportunities for Ripple to conquer a larger share of this huge market.
Even a small market share for XRP in this sector could, according to him, already ensure dozens to hundreds of billions of dollars in extra value. For comparison: XRP currently has a market capitalization of around $ 136 billion and is traded around $ 2.34. An increase of $ 100 billion could increase the rate by more than 70%.
Investors speculate on the arrival of XRP ETF
In the meantime, the market is eagerly looking forward to what may be a brilliant year for XRP. More and more investors are speculating on the arrival of an XRP Spot Exchange Traded Fund (ETF) in the US. According to Data from Polymarkets, the market considers the chance of an XRP ETF in 2025 at the moment at 85%.
The introduction of such a spot fund could attract institutional investors and thus give a strong boost to the price of XRP.
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Source: https://newsbit.nl/ripple-ceo-voorspelt-waarde-explosie-van-biljoenen-voor-crypto-xrp-koers-gaat-exploderen/
