XRP Comeback Incoming? Ripple CEO Resounds XRP Position Before SEC Case
Main Idea
Ripple CEO Brad Garlinghouse highlights the impact of the SEC lawsuit on XRP's decline and expresses optimism for its resurgence as the case nears resolution.
Key Points
1. Ripple CEO Brad Garlinghouse stated that XRP was the second most valuable digital asset before the SEC lawsuit in December 2020.
2. The SEC's lawsuit led to XRP's delisting from major exchanges and a significant drop in investor confidence.
3. Recent legal developments, including Ripple dropping its counter-appeal, have sparked a price rebound for XRP, with an 8% surge.
4. Garlinghouse remains optimistic about XRP's long-term recovery, citing legal clarity and community resilience.
5. XRP's price remains below its all-time high of $3.84, but market sentiment is improving as the case concludes.
Description
Ripple CEO Brad Garlinghouse has reignited discussions about XRP’s former glory, asserting that before the U.S. Securities and Exchange Commission (SEC) got involved, XRP was the second most valuable digital asset, second only to Bitcoin. His remarks, shared in a short video by John Squire on X, emphasize the significant impact the SEC’s intervention had on XRP’s price, momentum, and market perception. SEC’s Role in XRP’s Decline In the video, Garlinghouse bluntly states, “What affects the price...
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