CandleFocus Ripple CEO Reveals XRP Surge Secret Amid 50M RLUSD Minting
2024-12-03
Author: Content Editor
Ripple CEO Brad Garlinghouse attributes the recent surge in the price of XRP to evolving regulatory conditions in the United States, specifically the impending resignation of SEC Chair Gary Gensler. Garlinghouse expresses optimism that Gensler's departure will lead to a friendlier regulatory environment for cryptocurrencies, allowing for reduced hurdles and market growth. Ripple's legal victory over the SEC earlier this year and the launch of its new stablecoin, RLUSD, further contribute to market confidence. The XRP price has reached $2.79 with a 31% rally, leading analysts to anticipate a potential new all-time high of $3.
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