Brad Garlinghouse, the CEO of Ripple, has made a bold prediction about the future of the global crypto market, foreseeing it reaching a staggering $5 trillion. This optimistic outlook extends to XRP, with Garlinghouse suggesting that its price per coin could surpass $1.02 as the market doubles from its current estimates.
During a speech at this year’s Consensus, Garlinghouse highlighted various factors contributing to this positive outlook. He mentioned the increasing adoption of cryptocurrencies, favorable regulatory environments, and the emergence of crypto ETF products as key drivers of growth. Notably, he emphasized the success of Bitcoin ETFs, with one product attracting over $50 billion in investments in a short period.
In the race to become a dominant player in the crypto market, XRP is well-positioned to capture a significant market share. Garlinghouse even predicted the possibility of an XRP ETF hitting the market by 2025, contingent on the resolution of the ongoing legal battle between Ripple and the SEC.
Despite the uncertainty surrounding XRP’s regulatory status, Garlinghouse remains confident in Ripple’s ability to prevail in court and continue its growth trajectory. With the global crypto market currently valued at $2.5 trillion, Bitcoin remains the dominant player, but XRP’s $30 billion market cap indicates its potential for further growth.
Given the recent legal challenges faced by Ethereum, XRP could reclaim its position as the second-largest cryptocurrency in the market. This resurgence could propel XRP to new heights, potentially doubling its price and reaching a market cap of $60 billion.
As of now, XRP is trading at $0.5251, with market experts observing a consolidation phase driven by large investors. A breakout is expected, with bullish investors setting their sights on breaking the $0.75 resistance level as the next significant milestone. For more information on Ripple and XRP, check out our guides and news updates.