Ripple, a significant player in the cryptocurrency realm, has faced substantial challenges under the Biden administration. The company is currently embroiled in a heated legal dispute with the US Securities and Exchange Commission (SEC), contesting the regulator’s decision to appeal a court ruling that sided with Ripple’s stance that XRP is not a security.
Ripple CEO’s Meeting with US President-elect
Speculation about a high-profile meeting between Donald Trump and Ripple’s CEO, Brad Garlinghouse, recently gained traction. A post on X by Good Morning Crypto broke the news, revealing that Garlinghouse confirmed his meeting with Donald Trump in a conversation with a major media outlet. This disclosure has stirred up discussions among cryptocurrency enthusiasts, with reactions ranging from skepticism to excitement.
While the post confirmed the meeting, it offered no details about its timing, location, participants, or topics covered. It instead encouraged crypto enthusiasts to speculate on the meeting’s agenda. Some believe that Ripple addressed the SEC challenges it has faced during the Biden administration, given its ongoing legal battle with the US regulator.
XRP’s Role in Economic Discussions
Many enthusiasts speculate that Garlinghouse discussed XRP’s potential to aid in alleviating the national debt. This possibility has led to discussions about how XRP could bolster the country’s economy. Some enthusiasts even propose the creation of an XRP national reserve, akin to Trump’s Bitcoin reserve plans, to integrate XRP into the new financial system.
However, skepticism remains among some community members. They question the validity of the reported meeting, suggesting that it has not been officially confirmed by Garlinghouse himself.
XRP’s Future Potential
Amidst the ongoing debates, the future potential of XRP continues to be a hot topic. Many experts are optimistic about XRP’s growth prospects. For instance, Julio, a seasoned crypto analyst, predicts that XRP could reach $10 in the future.
In recent weeks, XRP has experienced notable price surges. Over the last seven days, the market has seen a 76.8% increase, and within the last 24 hours, it has surged by 20.5%, significantly outpacing other major cryptocurrencies like BTC, ETH, SOL, and BNB.
Despite the unconfirmed nature of the alleged meeting, the speculation has reignited discussions about XRP’s role in the US economy and its regulatory landscape.
Frequently Asked Questions
How High Will XRP Go?
XRP is expected to range between $0.512 and $0.792 in 2024, with an average price around $1.07.
Can XRP Reach $1000?
XRP is currently priced at $0.953, and reaching $1,000 would require an enormous increase. However, developments in the XRP ecosystem could drive significant price growth in the future.
Why Is XRP Pumping?
XRP is pumping due to favorable regulatory changes in the U.S., investor optimism, and growing interest in XRP futures, which have contributed to its recent 17% surge.
