Brad Garlinghouse, the CEO of Ripple, is optimistic about the future of XRP and the global crypto market. He recently made a bold prediction that the market will reach $5 trillion, doubling from its current estimates. This projection suggests that the price of XRP could surpass $1.02 per coin.
During a speech at Consensus, Garlinghouse highlighted various factors contributing to this positive outlook. He pointed to rising adoption, favorable crypto regulations, and the increasing popularity of crypto ETF products. Drawing parallels to the success of Bitcoin ETFs, which have attracted billions of dollars in investments, he emphasized the potential for growth in the crypto market.
Garlinghouse believes that XRP is well-positioned to become a dominant player in the market and may even capture a significant market share. He anticipates the possible launch of an XRP ETF by 2025, contingent upon the resolution of the ongoing Ripple v. SEC legal battle.
While the outcome of the lawsuit remains uncertain, Garlinghouse is confident in Ripple’s ability to prevail. With the case nearing its conclusion, he foresees continued growth for XRP and its ecosystem.
Currently, the global crypto market is valued at around $2.5 trillion, with Bitcoin leading the pack. XRP, with a market cap of nearly $30 billion, has the potential to climb the ranks and potentially challenge Bitcoin’s dominance.
Despite facing legal challenges, XRP could regain its position as the second-largest cryptocurrency, potentially reaching new all-time highs. A conservative estimate suggests that XRP could double in price, reaching a market cap of $60 billion with each coin trading at $1.02.
As of now, XRP is trading at $0.5251, experiencing slight fluctuations. Market analysts believe that the altcoin is currently in a consolidation phase, with a potential breakout looming. Bulls are eyeing the $0.75 resistance level as the next major target for XRP.
For more information on Ripple (XRP) and related news, check out our guide on buying Ripple, XRP wallet tutorials, and real-time price updates.