{"id":653649,"date":"2024-11-18T12:30:48","date_gmt":"2024-11-18T12:30:48","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653649"},"modified":"2024-11-18T10:32:01","modified_gmt":"2024-11-18T10:32:01","slug":"xrp-breaks-1-is-the-garlinghouse-trump-connection-fueling-the-rise","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/xrp-breaks-1-is-the-garlinghouse-trump-connection-fueling-the-rise\/","title":{"rendered":"XRP Breaks $1 \u2014 Is The Garlinghouse-Trump Connection Fueling The Rise?"},"content":{"rendered":"

The price of XRP has surpassed $1, a significant milestone that has not been observed since December 2021. The cryptocurrency’s market capitalization<\/a> increased by $20 billion to approximately $64 billion on November 17, when it reached $1.23. This surge has incited a frenzy of discourse within the cryptocurrency community; however, it is not solely the price that is garnering attention.<\/p>\n

Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike<\/a><\/div>\n

The Pot Is Being Stirred By Rumors Of A Meeting With Trump<\/h2>\n

Most of the conjecture about XRP’s surge stems from unsubstantiated accounts that Ripple CEO Brad Garlinghouse met with President-elect Donald Trump. Though neither Garlinghouse nor Trump’s staff have confirmed or refuted the meeting<\/a>, the rumors have spurred discussions across the sector.<\/p>\n

\n

Brad Garlinghouse is shilling XRP and CBDC implementations. I am shilling American dynamism, and smart appointments that will solidify Trump\u2019s legacy. We are not the same. https:\/\/t.co\/AwpR8FBJgU<\/a><\/p>\n

\u2014 Ryan Selkis (d\/acc) \ud83c\uddfa\ud83c\uddf8 (@twobitidiot) November 16, 2024<\/a><\/p><\/blockquote>\n

Some, such as former Messari CEO Ryan Selkis, have also gone public with the strongest term on record criticizing Ripple for the possibility of dictating US policy.<\/span> Pierre Rochard of Riot Platforms and others have expressed skepticism about the anti-Bitcoin posture of Ripple and how it could be damaging for the future regarding crypto regulation.
\n<\/span><\/p>\n

\n

We can\u2019t let Ripple co-opt the United States policymaking process with their anti-bitcoin agenda.<\/p>\n

Hopefully Trump will staff his Administration with more bitcoiners! https:\/\/t.co\/TiXxAMRF7h<\/a><\/p>\n

\u2014 Pierre Rochard (@BitcoinPierre) November 16, 2024<\/a><\/p><\/blockquote>\n

Garlinghouse has expressed confidence in the potential beneficial effects of the Trump administration on the cryptocurrency sector, despite the controversy<\/a>. Garlinghouse suggested in a recent appearance on Fox Business that Trump perceives the crypto industry as a potential source of innovation and entrepreneurship.<\/p>\n

\n

\ud83d\udea8BREAKING: CEO of @Ripple<\/a> – Brad Garlinghouse on FOX NEWS!<\/p>\n

Donald Trump had a meeting with Ripple. \ud83d\udc40<\/p>\n

\ud83d\udca5 #XRP<\/a> WILL MELT FACES \ud83d\udca5 pic.twitter.com\/qp6CMbRTdY<\/a><\/p>\n

\u2014 JackTheRippler \u00a9\ufe0f (@RippleXrpie) November 15, 2024<\/a><\/p><\/blockquote>\n

His remarks, which center on the activities of SEC Chairman Gary Gensler, are perceived as directly addressing the regulatory obstacles presently affecting Ripple. This has strengthened the belief that, should government change, more favorable conditions could exist for crypto activities running within the United States.<\/p>\n

\"\"
XRP market cap currently at $64.7 billion. Chart: TradingView.com<\/a><\/figcaption><\/figure>\n

Whale Activity And Bullish Sentiment Drive The Rise Of XRP<\/h2>\n

The rise of XRP is not solely due to speculative conjecture; it is substantiated by robust market data. Whale activity has been increasing, as evidenced by reports of substantial XRP transfers exceeding $316 million in the span of two days.<\/p>\n

Their action might be the decisive step for a price rise, as such large-scale transactions typically indicate the big holders’ positive mood. Secondly, the Relative Strength Index indicates that XRP is in the boundary of an overbought area; in other words, the surge has already reached its maximum. However, the level of hope is rather high, and most people think that the trend will continue.<\/p>\n

Related Reading: Mantra (OM) Hits New ATH On 132% Weekly Surge \u2013 Details<\/a><\/div>\n

Looking Ahead: Institutional Interest And ETF Prospects<\/h3>\n

In addition to the optimism, there are increasing expectations that an XRP exchange-traded fund (ETF) may be in the works. This, in conjunction with the increasing institutional interest in Ripple’s native token, could be a further catalyst for the sustained growth of XRP.<\/p>\n

\"\"
XRP inks a solid 94% increase in the last week. Source: Coingecko<\/a><\/figcaption><\/figure>\n

XRP is currently trading at $1.16,<\/a> making it the best-performing cryptocurrency in the top 10 by market capitalization. Investors are eager to observe its future trajectory. Ripple’s future is unquestionably attracting significant attention, regardless of whether the rumors regarding a Trump meeting are accurate.<\/p>\n

Featured image from Techreport, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The price of XRP has surpassed $1, a significant milestone that has not been observed since December 2021. The cryptocurrency’s market capitalization increased by $20 billion to approximately $64 billion on November 17, when it reached $1.23. This surge has incited a frenzy of discourse within the cryptocurrency community; however, it is not solely the price that is garnering attention. Related Reading: Shiba Inu (SHIB) Ready To Roar! Analyst Calls For A 200% Spike The Pot Is Being Stirred By Rumors Of A Meeting With Trump Most of the conjecture about XRP’s surge stems from unsubstantiated accounts that Ripple CEO Brad Garlinghouse met with President-elect Donald Trump. Though neither Garlinghouse nor Trump’s staff have confirmed or refuted the meeting, the rumors have spurred discussions across the sector. Brad Garlinghouse is shilling XRP and CBDC implementations. I am shilling American dynamism, and smart appointments that will solidify Trump\u2019s legacy. We are not the same. https:\/\/t.co\/AwpR8FBJgU \u2014 Ryan Selkis (d\/acc) \ud83c\uddfa\ud83c\uddf8 (@twobitidiot) November 16, 2024 Some, such as former Messari CEO Ryan Selkis, have also gone public with the strongest term on record criticizing Ripple for the possibility of dictating US policy. Pierre Rochard of Riot Platforms and others have expressed skepticism about the anti-Bitcoin posture of Ripple and how it could be damaging for the future regarding crypto regulation. We can\u2019t let Ripple co-opt the United States policymaking process with their anti-bitcoin agenda. Hopefully Trump will staff his Administration with more bitcoiners! https:\/\/t.co\/TiXxAMRF7h \u2014 Pierre Rochard (@BitcoinPierre) November 16, 2024 Garlinghouse has expressed confidence in the potential beneficial effects of the Trump administration on the cryptocurrency sector, despite the controversy. Garlinghouse suggested in a recent appearance on Fox Business that Trump perceives the crypto industry as a potential source of innovation and entrepreneurship. \ud83d\udea8BREAKING: CEO of @Ripple – Brad Garlinghouse on FOX NEWS! Donald Trump had a meeting with Ripple. \ud83d\udc40 \ud83d\udca5 #XRP WILL MELT FACES \ud83d\udca5 pic.twitter.com\/qp6CMbRTdY \u2014 JackTheRippler \u00a9\ufe0f (@RippleXrpie) November 15, 2024 His remarks, which center on the activities of SEC Chairman Gary Gensler, are perceived as directly addressing the regulatory obstacles presently affecting Ripple. This has strengthened the belief that, should government change, more favorable conditions could exist for crypto activities running within the United States. Whale Activity And Bullish Sentiment Drive The Rise Of XRP The rise of XRP is not solely due to speculative conjecture; it is substantiated by robust market data. Whale activity has been increasing, as evidenced by reports of substantial XRP transfers exceeding $316 million in the span of two days. Their action might be the decisive step for a price rise, as such large-scale transactions typically indicate the big holders’ positive mood. Secondly, the Relative Strength Index indicates that XRP is in the boundary of an overbought area; in other words, the surge has already reached its maximum. However, the level of hope is rather high, and most people think that the trend will continue. Related Reading: Mantra (OM) Hits New ATH On 132% Weekly Surge \u2013 Details Looking Ahead: Institutional Interest And ETF Prospects In addition to the optimism, there are increasing expectations that an XRP exchange-traded fund (ETF) may be in the works. This, in conjunction with the increasing institutional interest in Ripple’s native token, could be a further catalyst for the sustained growth of XRP. XRP is currently trading at $1.16, making it the best-performing cryptocurrency in the top 10 by market capitalization. Investors are eager to observe its future trajectory. Ripple’s future is unquestionably attracting significant attention, regardless of whether the rumors regarding a Trump meeting are accurate. Featured image from Techreport, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":653656,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,51031,3680,9848,4531],"class_list":["post-653649","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-garlinghouse","tag-ripple","tag-trump","tag-xrp"],"acf":[],"yoast_head":"\nXRP: Is The Garlinghouse-Trump Connection Fueling The Rise?<\/title>\n<meta name=\"description\" content=\"The price of XRP has surpassed $1, a significant milestone that has not been observed since December 2021. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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