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 anticipating the price per coin to surpass $1.02 as the market doubles in value.
During a recent appearance at Consensus, Garlinghouse expressed his positive outlook on the growth of XRP and the crypto market as a whole. He attributed this projected growth to various macroeconomic factors, such as increased adoption, favorable regulation in the crypto space, and the emergence of crypto ETF products. Garlinghouse highlighted the success of Bitcoin, which has seen over $50 billion in ETF investments, surpassing the achievements of traditional products like SPDR Gold Shares ETF.
As XRP positions itself to potentially dominate the global crypto market, Garlinghouse suggested that an XRP ETF could hit the market by 2025, assuming the resolution of the Ripple v. SEC case. While the SEC’s approval of ETF products is crucial, the ongoing legal dispute surrounding XRP’s status could pose a challenge. However, Garlinghouse remains optimistic about Ripple’s chances of emerging victorious in the legal battle, paving the way for further growth and development of the digital asset and its ecosystem.
With the current global crypto market valued at around $2.5 trillion, Bitcoin continues to lead the pack, holding the majority of this market share. XRP, with a market cap of nearly $30 billion, has the potential to climb the ranks and potentially challenge Bitcoin’s dominance. Garlinghouse’s projections suggest that XRP could double its price, reaching a market cap of $60 billion with each coin trading at $1.02.
As of now, XRP is trading at $0.5251, with some experts attributing its recent consolidation phase to market manipulation by large investors. However, a possible price breakout could see XRP aiming for the $0.75 resistance level as its next major target. With a promising future ahead, XRP’s potential for growth and success in the evolving crypto landscape remains a topic of interest for investors and enthusiasts alike.